a. Lita Lopez invested $67,000 cash and office equipment valued at $37,000 in the company. b. The company purchased an office suite for $43,000 cash. c. The company purchased office equipment for $5,400 cash. d. The company purchased $3,200 of office supplies and $1,600 of office equipment on credit. e. The company paid a local newspaper $830 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $5,000 for the service. g. The company designed a financial plan for another client and immediately collected a $8,100 cash fee. h. Lita Lopez withdrew $1,400 cash from the company for personal use. i. The company received $4,000 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $800 cash on the equipment purchased in transaction d. k. The company paid $2,000 cash for the office secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.) Expenses + + 0 + 0 0 Assets Liabilities Equity Accounts Office Office L. Accounts L. Lopez, Lopez, Cash + Receivable + Supplies + Equipment + Office Suite = Payable + Capital - Withdrawals + Revenues $ a. + + $ 37,000+ + 67,000 b. + + + + = + Bal. 67,000 + 0+ 0 + 37,000 + 0= 0 + 0-1 0 + 0 c. + + + + + Bal. 67,000 + 0 + 0 + 37,000 + 0= 0 + 0- 0 + 0 0- d. 1 + + + + + Bal. 67,000 + 0 + 0 + 37,000 + 0= 0 + 0- 0 + 0 e. + + + + + Bal. 67,000 + 0 + 01 + 37,000 + 0 = 0 + 0- 0+ 01- f. + + + + + Bal. 67,000 + 0 + 0 + 37,000 + 1 O= 0 + 0- 0 + 0 g. + + + + Bal. 67,000 + 0 + 0 + 37,000 + 0 = 0 + 01- 0 + 01- h. + + + + Bal. 67,000 + 0 + 0 + 37,000+ 0= 0 + 01- 0 + 0 i. + + + + + Bal. 67,000 + 0 + 0 + 37,000 + 0 = 0+ 0 0- 01+ 01- j. + + = Bal. 67,000 + 0 + 01 + 37,000 + 0 = 0 + 01- 01 + + 0 k. + + - + $ Bal + $ 0 + $ 0 + $ 37,000 + $ 0 67,000 0 = $ 0 + $ 0 - $ 0 + $ 0 0 0 0 + + 0 + 0 + + + + 0 + + $ 0 2. Determine the company's net income. Net income