Consider the following data extracted from the records of Damot Construction co. & answer the questions that follow. Assets (end of the year).Br.155, 000 Liabilities (end of the year)35, 000 Liabilities (beginning of the year).45,000 Additional Information Withdrawals for the year...15, 000 Revenue for the year. ..20,000 Expenses for the year15,000 Additional investment during the period......25,000 A. The balance of owners equity at the beginning of period. B. The balance of assets at the beginning of period. 2.Juilate Auditing firm started operation as of Jan.1,19x1 with a total property of Br.25,000 fully claimed by the owner, Ato Bebisha .After one months operation as of Jan.31,19x1,the total assets of the business increased by Br.11,000 .The total creditors claims on the same date accounts for 20% of the total assets. Required A. Compute the owners equity balance on Jan.1, 19x1 & Jan.31, 19x1. B. Assume that there was no additional investment during the period but a withdrawal of Br.1, 500 was made .What is the net income or net loss of the business. (Identify the figure as net income or net loss.) C. Assume that the additional investment &b assets taken out of the business by the owner are Br.6500 & Br.1500 respectively. Then what is the net income or net loss of the business (Identify the figure as net income or net loss). 3. After graduation from Accounting & Finance department of ZBC, Million Getaneh entered private practice. The transactions of the business Nov.1 through Nov.30 are as follows: Nov. 1. Million invested Br.25, 000 in his newly organized business MG Consulting. 5. Paid Br.6, 000 for rent for three months starting Nov.1. 9. Purchased office supplies for Br.12, 000; paid 10,000 of the amount & the remaining to be paid at future date. 15. Purchased Br.4000 of equipment on credit making a 25% down payment. 18. Delivered tax advisory service for a fee of Br.8000 to Shell Ethiopia plc. 4 | P a g e 21. Made a partial payment of Br. 3,000 on the equipment Purchased Nov.15. 30. Determined & recognized the used portion of Supplies, Br.8, 000 & rent expired Br.5,000. Required A. Journalize the above transactions? B. Post it on ledger? C. Prepare trial balance? D. Prepare financial statements?