a) and b) answered in detail please so I can double check my answers. Also, would the salary expense $2,000 be included in the income statement?

this is what I have done in the worksheet for question a)

3. Accounting Transactions - Halr Today: 20 marks Charlene Jackson's business, Hair Today, has been operating in Auckland for the month of February 2020. It is set up as a sole trader. You call in for a haircut, and while she is trimming your hair, she tells you how business is going. "I think it's going very well," she says. "Last time I went to the bank there were a lot of deposits. There were cash deposits of $100, $110, $105 and so on, totalling exactly $10,500 for February, the first month's business. These don't include the $500 still owed me for haircuts provided to the builders working on the new Recreation Centre at the University and the $1,000 prepaid by staff at the nearby office block. Of course the bank account also Includes the $25,000 of savings that I put into the business when I started it up and the $10,000 loan that the bank gave me. Not to mention the balance of $20,000 in my personal savings account that I can always use, if necessary. "I have spent $12,000 on the furniture and equipment for the business, $9,500 on hairdressers' supplies and then there is the lease of this place. It is a TWO-year lease, but I pald six months rent in advance (from February to July), that's $5,400 and a lease deposit of $2,000 that I can get back. "The furniture and equipment should last 5 years with no residual value. Straight-line depreciation method is used. And the supplies, well I still have $4,000 worth unopened and sitting in the storeroom. I also get a cleaning company to come and do the floors; they charge $25 a week. I haven't had to pay them anything yet, and I still ove them for four weeks work. Oh, there's Marama. I just hired her yesterday at a salary of $2,000 per month. Today's her first day of work. I also drew out $300 in cash to take my sister out to dinner on her birthday" Required: (a) Prepare a worksheet using the template in the Answer workbook showing how the above accounting events will affect the Balance Sheet Equation. Note: calculate one month's depreciation on the furniture and equipment. Ignore tax. (13 marks) (b) Prepare an Income Statement for the month of February 2020 and a Balance Sheet as at 29 February 2020 using the template in the Answer booklet. (7 marks) ASSETS LIABILITIES EQUITY Item Soest Boers 10,500 R 10,500 500 500 1,000 25,000 10,000 1,000 25,000 10,000 (12,000) (9,500) (5.400) (2.000) 12,000 9.500 57400 2000 (200) (200) depreciation (4,000) 4,000 (100) cleaning (300) 13,300 Totals so 1 1 2300 400 2,000 (300) 24.700 100 10.000 3,700 12500 46,500 46.500 1.000 11,100 11,000 35.400 463300