3. Compute the following amounts for Dr. Li's dental practice: .Total assets: .Total liabilities: .Net income or loss during December: Total shareholders' equity: . Question 1.4 During October 2016, Paws Veterinary Clinic completed the following transactions: Month Day Transaction Oct. 1 4 5 7 Paws received $30,000 cash and issued common shares to shareholders Purchased supplies, $1,000, and equipment, $2,600 on account Performed checkup services, and received cash, $1,500 Paid cash to acquire land for an office site, $22,000 11 Performed a surgery on a sick cat, and billed the customer $500 16 Paid for the equipment, purchased Oct 4 on account 17 Paid the telephone bill, $95 18 Received partial payment from client on account, $250 22 Paid the water and electricity bills, $400 29 Received $2,000 cash for conducting a workshop on "Healthy Cat Living" 31 Paid employee salary, $1,300 31 Declared and paid dividends of $1,500 4. Record each transaction in the journal. Key each transaction by date. Explanations are not required. 5. Prepare the trial balance of Paws at October 31, 2016.