ABC Inc builds and sells single-family homes. The company had the following transactions during Q1 2016 period that ended on March 31, 2016:

Purchased a single-family home on January 10, 2016 which it plans to renovate and resell. The home was purchased for $200,000 cash.

Purchased $5,000 worth of building materials at Home Depot to be used in the renovation. The purchased was paid with cash.

Hired a contractor to perform the renovation of the house. The renovation was completed on February 10, 2016 and the contractor billed ABC Inc $10,000 for this renovation. The amount was not paid as at the end of Q1 2016.

Purchased general office supplies of $1,000 cash during Q1 2016.

Sold the home for $300,000 cash on March 30^th 2016.

At the beginning of the quarter (1/1/16), ABC Inc Balance Sheet has only $300,000 in Cash and $300,000 in Owners Equity.

Create a transaction table for the above events (remember you must include the accounts you debit and credit).

Create ABC Inc Balance Sheet at the end of Q1 2016.