5. Atanta Jalil, local garment company, opened the Swing department on March 1, 2012, by investing $25,000 of their cash in the business. The Jalil leased five acres of land at a cost of $1,000 per month and paid the first month's rent. During the first month, advertising costs totaled $750, of which $150 was unpaid at March 31. All revenues from customers were deposited in the company's bank account. On March 15, Jalil withdrew a total of $1,000 in cash for personal living expenses. A $100 utility bill was received on March 31 but was not paid. On March 31, the balance in the company's bank account was $18,900. Instructions: A. Prepare an income statement, determine the actual net 2 income for March. B. Show debit- credit effect in each of the above 1 transactions