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Also determine in the end the company's net income

Lita Lopez started Biz Consulting, a new business. and completed the following transactions during its first year of operations. a. Lita Lopez invested $66,000 cash and equipment valued at $31,000 in the company in exchange for its common stock. b. The company purchased a building for $46,000 cash. c. The company purchased equipment for $5,500 cash. d. The company purchased $3,400 of supplies and $1,600 of equipment on credit. e. The company paid $990 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,700 for the service. g. The company designed a financial plan for another client and immediately collected a $8,400 cash fee. h. The company paid $1,000 cash in dividends to the owner (sole shareholder). i. The company received $3,700 cash as partial payment from the client described in transaction f. J. The company made a partial payment of $800 cash on the equipment purchased in transaction d, k. The company paid $2,200 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Z Determine the company's net income. Complete this question by entering your answers in the tabs below. Required Required Enter the amount of each transaction on individual items of the accounting equation. Note: Reductions in account balances should be indicated with a minus sign. Assets Liabilities Accounts Cash Balance after a and b Balance after Balance after Balance after Balance after Balance after Balance after Balance after Balance after Balance after Accounts + Supplies + Equipment + Building = payable Receivable < Required 1 Common Stock Dividends + Revenues Expenses Required 2 >