b) Hashem and Hossain started a new business by investing in these assets, cash TK.12500, and office equipment TK.1450, tools TK1800, and truck TK42000. They then completed the following transactions. a. Paid the rent for 12 months in advance on the shop space, TK1400. b. Purchased repair supplies on credit TK.5500. c. Traded a computer carried in accounting records at TK.1550 for additional tools. d. Purchased for cash a new computer to the one traded, TK 1550. Instructions: a) Journalize the above transactions and post them to the ledger account. b) Prepare an income statement and balance sheet. Page 1 of 2