Andrea Scarlett is a realtor. She organized her business as a corporation, Andrea Scarlett, Realtor, P.C. (Professional Corporation) 1. The business owes $61,000 on a note payable for land that the business acquired for a total price of $83,000. 2. The business spent $23,000 for a Zinka Banker real estate franchise, which entitles the business to represent itself as a Zinka Banker office. This franchise is a business asset. 3. Scarlett owes $80,000 on a personal mortgage for her personal residence, which she acquired in 2012 for a total price of $160,000. 4. Scarlett has $5,000 in her personal bank account, and the business has $9,000 in its bank account. 5. Scarlett owes $(Last Four digit of your student ID)on a personal charge account with Chicos. 6. The office acquired business furniture for $15,000 on September 25. Of this amount, the business owes $2,000 on account at September 30. 7. Office supplies on hand at the real estate office total $1,300. 8. Received partial payment from client on account, $700 9. Received $1,500 cash for helping a client. 10. Scarlett received a birthday gift from his friend valued $3000. 3(a).Analyze the effects of the above transactions. 3(b). Prepare the Financial Transaction.