2. After several months of planning, Denise Murphy started a property management business for the for the properties that its owners invest called ABC Property Management {\"ABC\"). The following events occurred during its first month: a. On May 1, Murphy started the firm, investing $330!] cash and $15,l'.}[i of equipnlenL b. On May 2, ABC paid $t} cash for furniture for the shop. c. On May 3, ABC paid 35m} cash to rent space in a strip mall for May. d. On May 4, ABC purchased $1,2 of equipment on credit for the shop (using a long-term note payable). e. On May 5, ABC opened for business. Cash received from services provided in the first week and a half of business (ended May 15) is $325. f. On May 15, it provided $10G of property management services on account (invoiced). g. On May 1?, it received a $1 check for services previously rendered on account. h. On May 1?, it paid $125 to an assistant for 1work during the store opening. i. lCash received from services provided during the second half of May is $93]. j. On May 31, it paid an $4M installment toward principal on the note payable entered into on May 4. k. On May 31, it paid $993 cash dividends to Murphy. Questions; Create a Transaction Table for the above events. Parepare a simplified balance sheet, income statement and statement of cash ows from the Transaction Table