For the past several years, John Addams has operated a part$-$time business from his home. As of April $1,2002,$ John decided to move to rented quarters and to operate the business, which was to be known as Addams & Family Inc., on a full$-$time basis. Addams & Family entered into the following transactions during April: April $4$ The following assets were received from John Addams: cash, $$10,000$; accounts receivable, $$1,500$; supplies, $$1,250$; and office equipment, $$7,500.$ There were no liabilities received.April $4$ Paid three months' rent on a lease rental contract, $$4,500.$April $4$ Paid the premium on property and casualty insurance policies for the year, $$1,800.$April $6$ Received cash from clients as an advance payment for services to be provided,$$3,000.$ April $7$ Purchased additional office furniture on account from Morrilton Company, $$1,800.$April $8$ Received cash from clients on account, $$800.$April $11$ Paid cash for newspaper advertisement, $$120.$April $12$ Paid Morrilton Company $$800$ for debt incurred on April $7.$April $15$ Recorded services provided on account for the period April $4-15,$ $$2,250$April $15$ Paid part$-$time receptionist for two weeks salary, $$400.$April $15$ Recorded cash from cash clients for fees earned April $4-15,$ $$3,175.$April $18$ Paid cash for supplies, $$750.$April $22$ Recorded services provided on account for April $18-22,$ $$1,100.$April $22$ Recorded cash from cash clients for fees earned April $18-22,$ $$1,850.$April $25$ Received cash from clients on account, $$1,600.$April $27$ Paid part$-$time receptionist for two week's salary, $$400$April $28$ Paid telephone bill for April, $$130.$April $29$ Paid electric bill for April, $$200.$April $29$ Recorded cash from cash clients for fees earned April $25-29,$ $$2,050.$April $29$ Recorded services provided on account for April $25-29,$ $$1,000$April $29$ John received $$4,500$ from the company as his salary.Record the transactions stated above in good general journal form.Post the transactions to T$-$accounts.Record and post the following adjustments:Insurance expired in April, $$150.$Supplies on hand April $29,$ $$1,020.$Depreciation for the office equipment in April, $$500.$Accrued receptionist salary on April $30,$ $$20.$Rent expired in April, $$1,500.$Earned $$2,000$ of services that were previously paid for on $4/6.$Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet