Assume the following: Lomo Engineering Company had the following transactions: Jan-01 Issued capital stock for $965,000. Purchased a Packaging Equipment for $20,000. Jan-01 Jan-01 Jan-03 Purchased an Insurance Policy (1 year) for $30,000. Purchased a Machine, paying $15,000 in cash and issuing a note of $20,000 Jan-05 Jan-07 Purchased $28,000 of inventory on account. Sold inventory costing $6,000 for $50,000 on account. Paid $2,000 for inventory purchased on account (from Jan-05). Jan-11 Jan-15 Collect $12,550 of accounts receivable from customers (from Jan-07). Jan-17 I Paid utility bills totaling $1,500. Paid wages for $13,000. Jan-23 Jan-25 Collect $8,000 in bank interest. Jan-30 Paid $12,590 due to income taxes. Required: A. Record the above transactions in General Journal (Journal Entries). B. Record the transactions in General Ledger format (T-Accounts). C. Prepare a Trial Balance for Techno Engineering Company