East He Home thatheare Services ass organzed on danuary 1. 2019 by four friende. Each erganaer mestod $10.000 in the company ard, in tum, was issued 9.000 shares. To date, Fiey are the only shaveholsers. AN the end term notes paysble of $416,000h and shareholders' oquity of \$\$\$0,000 (\$100,000 corabuled capital and a. Sold 8,000 addional shares to the original erganivers lar a tetal of $90,000 cash. b. Purchated a bulding for $58,000, equipment for $15,000, and four acres of land for $13.000. pald 5.600 in c. Sold one acre of land acquined in (b) for $5,000 cash to anceher company. d. Purchased short-lerm investments for 315,000 cash. cash f. Lont \$6,400 to one of the sharehoiders for moving costa, receiving a signed sx enchen note fom the shareholdet. Required: 1. Was East Has Home Heathcare Services organized as a solo propinetonhe a partnenhip, or a corporabion? Sole proptetionhip Pannership Cotperation 2. During January 2021, the reconds of the company were inadequate. You were ashed to pregare the summary of phe precoding franssctions. To develop a quick assessment of their economic eflects on East Hal Hone He Hatheare Services. If a transactien does net require an entry, leave the cebs blank. Enas any decreaves to acteourt balances with a minus sign.) 3. This part of the question is not part of your Connect assignment. 4. Based enly on the completed tubulation, provide the folowing amounes at saruary 31. 2aet. 5. Compite the current eatio at January 31,2021 , (Fiteund the final answer to 2 decimal places.)