During the month of December, the following transactions have taken place: Dec. 1. Invested $900,000 cash and inventory worth $500,000 to start the business. Dec. 2 Purchased supplies of $60,000: $10,000 with cash, $30,000 on credit, and rest with a note. Dec. 2 Purchased a land for $100,000 by mortgage. Dec. 3 Gave services in the amount of $200,000; received cash of $100,000, $40,000 on account and rest on a note. Dec. 5 Received cash on account from customers, $5,000 Dec. 6 Paid cash to creditors on account, $1,500 Dec. 7 Paid salaries of employees, $2,000 Dec. 8 Owner deposited $100,000 into the business account. Dec. 9 Paid the following cash expenses: Rent for $2,000, utilities for $1,800, and advertising for $1,200. Dec. 10 Invested an automobile into the business worth $40,000. Dec. 11 Paid commissions to sales people in the amount of $75,000 Dec. 16 Borrowed $12,000 from the bank with signing a note. Dec. 19 Given services and received half on account and half in cash of total $12,000. Dec.20 Received cleaning services and paid with providing services in the same amount of $7,000 Dec.21 Paid $5,000 on accounts payable. Dec.26 Paid half back to the bank of the amount borrowed. Dec.28 Withdrew of $7,000. Dec. 29 Received $3,000 from a note. Dec. 30 Paid $60,000 to rent an office space for 6 months. Required a. Journalize the transactions and post to the T-Accounts. b. Prepare Trial Balance. c. Prepare Income Statement. d. Balance Sheet.