Analyzing and Reporting Financial Statement Effects of Transactions a. Carter (owner) invested in the company $80,000 cash and $16,000 in property and equipment. The company issued common stock to Carter. b. The company paid $2,560 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $3,200 cash for these services. d. The company performed services for clients and sent a bill for $19,200 with payment due within 60 days. e. The company compensated an office employee with $3,840 cash as salary for March. f. The company received $8,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $748 cash in dividends to Carter (owner). Prepare an income statement for Carter Company for the month of March. Do not use negative signs with your answers unless to indicate a net loss