A. on 1/1/18: Gl, Hando and Kusp each contribute $50,000 in exchange for common stock and form Lifting, Inc. ("LP) B. On 6/1/18, Baby gives LI an advance of $40,000 for future services C. On 7/1/18 LI purchases office supplies for $5,000 on account from Rats. D. On 8/1/18 LI performs work for Mice and Invoices Mice for $80,000. Mice will pay back LI in 30 days. E. On 9/1/18 LI repays Rats 2,000 from the transaction in C. F. On 10/1/18 Mice pays LI $50,000 of the balance in D. G. On 12/31/18, LI pays an electricity bill for $3,000 for the month of December H. On 12/31/18, LI pays rent of $8,000 for December 2018 rent. 1. On 12/31/18, LI borrows $60,000 from Donald. LI will repay Donald in 90 days J. On 12/31/18, LI loans Pookie $15,000. Pookie will repay LI in 30 days. K. On 12/31/18, LI purchases a vechicle for $35,000. $17,000 was paid in cash and the rest on a note L. On 12/31/18, LI purchases an insurance policy for $9,000 that will cover LI from 1/1/19-12/31/19 M. On 12/31/18, LI pays a $4,000 total cash dividend to its shareholders. 1. post transactions into 1-accounts where appropriate for transactions A-M. 2. prepare a trial balance 3. prepare an income statement for the year ended 12/31/18 tomont of retained earnings for the year ended 12/31/18.