George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March $2023$ : a$.$ Littlechild invested $\backslash (\backslash$$ $215,000\backslash )$ cash and office equipment valued at $\backslash (\backslash$$ $31,000\backslash )$ in the business. b$.$ Purchased a small building for $\backslash (\backslash$$ $710,000\backslash )$ to be used as an office. Paid $\backslash (\backslash$$ $155,000\backslash )$ in cash and signed a note payable promising to pay the balance over several years. c$.$ Purchased $\backslash (\backslash$$ $4,100\backslash )$ of office supplies for cash. d$.$ Purchased $\backslash (\backslash$$ $83,000\backslash )$ of office equipment on credit. e$.$ Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August $2023.$ He will send a $\backslash (\backslash$$ $2,100\backslash )$ deposit on July $\backslash (1,2023\backslash ).$ f$.$ Completed a project on credit and billed the client $\backslash (\backslash$$ $6,300\backslash )$ for the work. g$.$ Paid a local online newspaper $\backslash (\backslash$$ $4,600\backslash )$ for an announcement that the office had opened. h$.$ Completed a project for a client and collected $\backslash (\backslash$$ $5,100\backslash )$ cash. i$.$ Made a $\backslash (\backslash$$ $5,100\backslash )$ payment on the equipment purchased in $($d$).$ j$.$ Received $\backslash (\backslash$$ $3,050\backslash )$ from the client described in $($f$).$ k$.$ Paid $\backslash (\backslash$$ $9,200\backslash )$ cash for the office secretary$\text{'}$s wages. I. Littlechild withdrew $\backslash (\backslash$$ $4,700\backslash )$ cash from the company bank account to pay personal living expenses. a$)$Prepare an income statement. b$)$ Prepare a statement of changes in equity. c$)$ Prepare a balance sheet