5. Calculate the amount of liabilities owed by Company - Problem - Analyzing transactions and preparing financial statements LOG.78 excel CHECK FIGURES: 2 George Lichid Capital March 31, 2020 - $175.00: Loss = $1300 Total assets = $73.100 George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2030 2. Littlechild invested $160,000 cash and office equipment valued at $20,000 in the business. b. Purchased a small building for $600,000 to be used as an office. Paid $100,000 in cash and signed a note payable promising to pay the balance over several years. c. Purchased 53,000 of office supplies for cash. d. Purchased $72,000 of office equipment on credit. e Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 20:30. He will send a $1.000 deposit on July 1, 2020 Completed a project on credit and billed the client $5.200 for the work. Paid a local online newspaper $3.500 for an announcement that the office had opened h. Completed a project for a dient and collected $4,000 cash. 1. Made a 54,000 payment on the equipment purchased in (d)