George Nalliah started a new business called Nalliah Enterprises and incurred the following transactions during its first month of operations, March 2011: a. Nalliah invested 50,000 cash and office equipment valued at 25,000 in the business. b. Completed a project for a client and collected 23,000 cash. c. Completed a project on credit and billed the client 8,000 for the work. d. Paid 200 to set up the phone system. e. Purchased 1,800 of office supplies for cash. f. Paid 250,000 for a small building to be used as an office. Paid 30,000 in cash and signed a note payable promising to pay the balance over several years. g. Purchased 24,000 of office equipment on credit. h. Received 5,000 from the client described in transaction (c). i. Made a 2,600 payment on the equipment purchased in transaction (g). j. Paid 2,400 cash for the office secretarys wages. k. Nalliah withdrew 1,800 cash from the company bank account to pay personal living expenses. Required (1) Use additions and subtractions to show the transactions effects on the elements of the equation. Show new totals after each transaction. (2) Also, indicate next to each change in the owners equity whether it was caused by an investment, a revenue, an expense, or a withdrawal.