Dr. Laura Smith opened a medical practice specializing in physical therapy During the first month of operation (August), the business, titled Dr. Laura Smith, Professional Corporation (PC), experienced the following events (Click the icon to view the events.) Read the requirements begin witn Tre Tir Transaction on Au ust b US? sare meses or ? minus s n i en d?ceasing accounts r ox is na usea in me Table leave m? D iem pr ao not enter zer? Enter Tre Transac or S me same ?raer as me ap sear in tre ano nani Liabilities Stockholders' Equity Accts Note Common taied Type of Equity Cash Rec SuppliesLandPay PayableStockEarnings Transaction Aug 6 More Info Aug 6 Smith invested $151,000 in the business, which in turn issued its common stock to her 15-31 15-31 31 The business paid cash for land costing 567,000. Smith plans to build an office building on the land 9 12 The business purchased medical supplies for $2.400 on account. 15 Dr. Laura Smith, P.C., officially opened for business. During the rest of the month, Smith treated patlents and earned service revenue of $9,900 recelving cash for half the revenue eamed 15-31 15-31 The business paid cash expenses employee salaries, $3,100; office rent, $900, utilities, 31 31 31 S500. (Record expenses as a total amount) The business sold supplies to another physician for cost of $800 and received cash. The business borrowad 539,000, signing a nota payable to the bank. The business paid $600 on account. Requirement 2. After completing the analysis, answer these questions about the business. a. How much are total assets? b. How much does the business expect to collect from patients? S c. How much does the business owe in total? $ d. How much of the business's assets does Smith really own? e. How much net income or net loss did the business experience during its first month of operations? (Enter the amount as a positive value). The business experienced Print Done of S during its first month of operations