accounting question

John Jacobs lost his job as a carpenter with a contractor when a recession hit the construction industry. Jacobs had been making USD 50,000 per year. He decided to form his own company, JacobsCorporation, and do home repairs. The following is a summary of the transactions of the business during the first three months of operations in 2019: Jan.15 Stockholders invested USD 40,000 in the business. Feb.25 Received payment of USD 4,400 for remodeling a basement into a recreation room. The homeowner purchased all of the building materials. Mar. Paid cash for an advertisement that appeared in the local newspaper, USD 150. Apr.10 Received USD 7,000 for converting a room over a garage into an office for a college professor. Theprofessor purchased all of the materials for the job. Apr.11 Paid gas and oil expenses for automobile, USD 900. Apr.12 Miscellaneous business expenses were paid, USD 450. Apr.15 Paid dividends of USD 2,000. a. Prepare journal entries for these transactions. b. Post the journal entries to T-accounts. c. How profitable is this new venture? Should Jacobs stay in this business