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GL0203 - Based on Exercise 2-12 LO P1 Prepare joumal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the joumal entries recorded. Assume Valdez Services began the year with the following balances: Cash, $38,000 : Accounts recelvable, $11,100; and B. Valdez, Capital, $49,100. Jan. I Brina valdez Invested $21,100 cash in the conpany. Jan. 2 The company provided services to a client and immediately received $4,200 cash. Jan. 3 The company received $11,100 cash from a client in payment for services to be provided next year. Jan. 4 The company received $5,70e cash fron a client in partial payment of accounts receivable. Jan. 5 The company borrowed $16,50e cash from the bank by signing a note payable. The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.l The first transaction is completed for you