Complete the following exercise on textbook p35, and upload your answers below. Your answer should look like the table on textbook p20. Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $70.000 cash and office equipment valued at $10,000 in the company. b. The company purchased an office suite for $40,000 cash. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1.200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $2,800 for the service. The company designed a financial plan for another client and immediately collected a $4,000 cash fee. h. Lita Lopez withdrew $3.275 cash from the company for personal use. 9. i. The company received $1.800 cash as partial payment from the client described in transaction. j. The company made a partial payment of $700 cash on the equipment purchased in transaction d. k. The company paid $1.800 cash for the office secretary's wages for this period. Required 1. Create the following table similar to the one in Exhibit 1.9. Cash + Problem 1-8A Analyzing effects of transactions P1 A1 Check Ending balances Cash $14525, Expenses. $2.300 Accoums Payanie $2200 Liabilities Equity Assets Accounts Receivable Office Supplies Office Equipment Office Sulle Accounts Paya bid L Lopez. Capital L. Lopez. Withdrawals Revenues Expenses Use additions and subtractions within the table to show the dollar effects of each transaction on indi- vidual items of the accounting equation. Show new balances after each transaction. 2. Determine the company's net income. Net income $4,500