George Lutechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2020 a. Lintechild invested $200,000 cash and office equipment valued at $28.000 in the business. b. Purchased a small building for 5680,000 to be used as an office Paid S140,000 in cash and signed a note payable promising to pay the balance over several years c. Purchased $3,800 of office supplies for cash d. Purchased $80,000 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 $1800 deposit on July 1, 2020 1. Completed a project on credit and billed the client $6,000 for the work 9. Pald a local online newspaper $4.300 for an announcement that the office had opened n. Completed a project for a client and collected $4,800 cash 1. Made a $4.800 payment on the equipment purchased in (di Recened $2.900 from the cent described in k. Poid 58.600 cash for the office secretarys wages 1. Littlechid withdrew $4.400 cash from the company bank account to pay personating expenses Required 1. & 2. Complete the following table. Use additions and Subtractions to show the transactions effects on the elements of the equation For each change in equity. Select whether the change was caused by an investment a revenue an expense or o withdrawal Determine the final total for each item and verify that the bonis in balance inter all amounts os poultive values. If the transaction event does not affect roulty or do not require a journal entry select "No Affect on Equity in the explanation of equity transaction field Required: 1. & 2. Complete the following table. Use additions and subtractions to show the transactions' effects on the elements of the equation For each change in equity, select whether the change was caused by an investment, a revenue, an expense, or a withdrawat Determine the final total for each item and venly that the equation is in balance (Enter all amounts as positive values. If the transaction/event does not affect equity or do not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transaction field.) Lothes Cash Accounts Receivable Office Supplies ce Equipment Building Accounts Notes Payable Littlechod Capital (9) d) e) 100 3-a. Prepare an Income statement. Littlechild Enterprises Income Statement For Month Ended March 31, 2020 Revenues Service revenue Operating expenses Wages expense Advertising expense Total operating expenses 3.b. Prepare a statement of changes in equity. Littlechild Enterprises Statement of Changes in Equity For Month Ended March 31, 2020 George Littlechild capital March 1 Add: Investments by owner Tota Less: Withdrawals by owner Loss George Lisieched capital. Mato 31 $ 0 3.c. Prepare a balance sheet Assets Cash Accounts receivable Ofice supplies Office equipment Building Little child Enterprises Balance Sheet March 31, 2020 Liabilities Accounts payable Notes payable Tots abilities Equity George Lichild capital Total abond uity $ 9 0 Analysis Component: Littlechild Enterprises assets are financed 74% by debt. What does this mean? As part of your answer include an explanation of how the 74% was calculated. (Round your answer to the nearest whole number Asunto como estado route from the 10