2.1Inalana company Indiana Company, a kitchen specialist, undertook different business transactions in year N1. However, the head of accounting does not know how to record them in the nancial statements of the company. For each business transaction, propose a consistent solution (present either the impact on the balance sheet and the income statement or T accounts or Journal entries). 3) On 2 December N1, Indiana started the installation of a kitchen for a luxury hotel. The installation should be nished in February N2. According to the contract with the client, the selling price is 144,000 (rm price). On 31 December N1, costs incurred are 30,000 while estimated total costs are 90,000. Indiana usually refers to costs incurred (cost-to-cost method) to determine the percentage of completion