George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2020 a. Littlechild invested $250,000 cash and office equipment valued at $38,000 in the business. b. Purchased a small building for $780,000 to be used as an office. Paid $190,000 in cash and signed a note payable promising to pay the balance over several years. c. Purchased $4,800 of office supplies for cash. d. Purchased $90,000 of office equipment on credit. e. Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 2020. He will send a $2,800 deposit on July 1, 2020. f. Completed a project on credit and billed the client $7,000 for the work. g. Paid a local online newspaper $5,300 for an announcement that the office had opened. h. Completed a project for a client and collected $5.800 cash. i. Made a $5,800 payment on the equipment purchased in (d). J. Received $3,400 from the client described in (f). k. Paid $10,600 cash for the office secretary's wages. 1. Littlechild withdrew $5,400 cash from the company bank account to pay personal living expenses.