Ann opened an Office Cleaning Service company on January 1, 2020. During she had the following transactions. (1) She started the business with investing $30,000 of her own money (business was organized as corporation) (2) She borrowed $40,000 from bank by issuing a 5-year note. (3) She purchased $15.000 of furniture and equipment in cash. (4) She purchased a truck for business use at $20,000 in cash. (5) During the year, provided $85,000 services to customers of which $71,000 was collected, the rest was not yet collected as of Dec. 31st. (6) During the year, she incurred $58,000 of salaries expense of which $2000 was 1 still not paid as of Dec. 31st. (7) During the year, she paid $3000 interest on the note to the Bank (8) During the year, she took $3,000 as dividend. (9) During the year, she collected $150 interest from bank on company account (10) During the year, purchased $2000 of supplies in cash. $500 of the supplies was left as of Dec. 31st. (11) During the last week of the year, she sold $500 of unnecessary equipment in cash at cost. (12) During the last week of the year, she collected $3000 from a customer for services to be rendered next year. (13) Depreciation on equipment for year was estimated to be $2000. (14) During the year, she paid $12000 of rent. (15) During the year, company paid $3000 to IRS for income tax expense.Compute 0 Compute the following: Net income or loss for the year Cash balance as of December 31st Total liabilities as OF December 31st Total expenses for the year . . . Total Stock holder's Equity as of December 31st