Cullen Beatty plans to start a consulting business-Cullen Consulting Services. In preparation to do this, on April 1, 20X1, he invested $45,000 in cash and $14,000 in equipment, and opened an account at Office Plus by purchasing $1,000 in office supplies which is due by the end of the month. He then signed a one-year lease agreement on an office building for $5,000, paying the full amount in advance. Prepare a Balance Sheet for Cullen Consulting Services as of April 1, 20X1, before he conducts any services. CULLEN CONSULTING SERVICES Balance Sheet April 1, 20X1 Assets Liabilities Owner's Equity Total Assets Total Liabilities and Owner's Equity