10:48 Done 14_35153c865f0d6a3baf7f66f2... Lisa Hunter's company, Hunter Environmental Consulting (HEC), in the first month of her business Information Transaction 1: Starting the Business Hunter invests $250,000 for investment Transaction 2: Purchase of Land HEC purchases land for a future office location paying S100,000 Transaction 3: Purchase of Office Supplies HEC buys stationery and other office supplies, agreeing to pay $7,000 within 30 days Transaction 4: Earning of Service Revenue HEC earns service revenue by providing environmental consulting services for clients. Assume the business carns $30,000 and collects this amount in cash. Transaction 5: Earning of Service Revenue on Account HEC performs consulting services for clients $ 25.0000 Transaction 6: Payment of Expenses During the month, HEC pays $12.000 in cash expenses: office rent, S4,000, salary expenses 6.500 and Utilities expense 1, 500). Transaction 7: Payment on Account HEC pays $5,000 to the store from which it purchased $7,000 worth of office supplies in Transaction 3. In accounting, we say that the business pays 5.000 on account. Transaction 8: Personal Transaction Lisa Hunter remodels her home at a cost of $30,000, paying cash from personal funds personal life) Transaction 9: Collection on Account: The business collects $15,000 from the client. Transaction 10: Withdrawing of Cash Lisa withdraws $6,000 cash for her business use. Required: 1-Analyze and write all the preceding transactions in terms of their effects on the accounting Equation of Hunter Environmental Consulting 2- Prepare Income Statement 3- Prepare Equity statement 4- Prepare Balance sheet statement