2A Score: 17 of 51 pts E2-17 (similar to) 1 of 2 (2 complete) David Gagnon opens a dental practice. During the first month of operation (March), the practice, titled David Gagnon Dental Clinic Ltd., experienced the following events. (Click the icon to view the events.) Requirements Dr. Ohara has the following questions about his practice after the first month of operations. a. What are the total assets of the practice? $ Events Mar. 6 Gagnon invested $36,000 in the business, which in turn issued its common shares to him. 9 The business paid cash for land costing $30,000. Gagnon plans to build a professional services building on the land. 12 The business purchased dental supplies for $2,300 on account. 15 David Gagnon Dental Clinic Ltd. officially opened for business. 15-31 During the rest of the month, Gagnon treated patients and earned service revenue of $7,600, receiving cash for half the revenue earned. 15-31 The practice paid cash expenses: employee salaries, $1,300; office rent, $1,100; utilities, $300. 31 The practice used dental supplies with a cost of $500. 31 The practice borrowed $12,000, signing a note payable to the bank. 31 The practice paid $1,200 on account to a supplier. Print Done Requirements Dr. Gagnon has the following questions about his practice after the first month of operations. Provide him with the answers. a. What are the total assets of the practice? b. How much is owing to the practice from patients? c. How much does the practice owe in total? d. How much of the practice's assets does Dr. Gagnon have a claim to? e. How much net income did the practice earn? Print Done S HW Score: 32.63%, 21.53 of 6 Question Help