Determine the Company's net income.

o. Lita Lopez invested $68.000 cash and office equipment valued at $31,000 in the company in exchange for its common stock. b. The company purchased an office suite for $43,000 cash. c. The company purchased office equipment for $5.800 cash. d. The company purchased $3.100 of office supplies and $1.800 of office equipment on credit. e. The company paid a local newspaper $840 cash for printing an announcement of the office's opening. 1. The company completed a financial plan for a client and billed that client $4.900 for the service. 9. The company designed a financial plan for another client and immediately collected a $8.700 cash fee. h. The company paid $1,800 cash in dividends to the owner (sole shareholder). 1. The company received $3.900 cash as partial payment from the client described in transaction f. J. The company made a partial payment of $900 cash on the equipment purchased in transaction d. k. The company paid $1.600 cash for the office secretary's wages for this period. Required: 2. Enter the amount of each transaction on individual items of the accounting equation (Reductions in account balances should be Indicated with a minus sign.) Equity Assets Office Accounts Receivable Common Liabilities Accounts Payable Office Equipment + Supplies + + Office Suite = + Stock Dividends + Revenues Expenses a. 62 + + + = + + Cash 68.000 + (43,000) 25.000 + ++ + + + + b. Bal. 0 + 01 + 0 + 0 0 + 0 c. + + = + ++++ Bal. 25.000 + 0 0 + 0 + 0 0 0 + 0 0 d. + + = + Bal. 25.000 + 0 0 + 0 + 0 IIIIIIIIIIIIII 01 - 0 0 + 0 0 e + + Bal. 25.000 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0 . + + = + Bal. 25 000 + 0 + 01 + 01 + 0 + 0 0 + 0 0 9 + + + + + + + + + + + + + + + + + + + + + + + Bal 25.000 0 + 0 + 0 + 0 + 0 0 + 0 0 h. + + = + Bal. 25.000 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0 i. + + ++++ Bal. 25.000 + 0 + 01 + 01 + 01 = 0 0 + 0 0 j + + + | | | | | | | | | | | | | | Bal 25.000 + 0 + O + 0 + 0 + 0 0 + 0 0 IIII k. + + + Bal. $ 25.000 + s 0 + $ 0 + S 0 $ 0 + 0 S + S 0 S 0