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Martin Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. 1 Lindsey Mortin, the owner, invested $122,600 cash, office equipeent with a value of $10,500, and $71,000 of drafting equipaent to launch the conpany. Jun. 2 The coppany purchased land worth $54, 50e for an office by paying $14,000 cash and signing a long-tern note payable for $49,500. Jun. 3. The company purchased a portable building with 549,500 cash and noved it onto the land acquired on June 2. Jun. 4 The conpany paid $6,300 cash for the prentun on an 18 -month insurance policy. Jun. 5 The company completed and delivered a set of plans for a client and collected $10,600 cash. Jun. 6 The conpany purchased $26, 6ee of additional drafting equipecnt by paying $15, 600 cash and signing a long-tern note payable for $11,6e0. Jun. 7 The conpany conpleted $22,860 of engineering services for a client. This anount is to be received it 30 days. Jun. 8 The company purchased $1,700 of additional office equipaent on credit. Jun. 9 The company conpleted engineering services for $24,200 on credit. Jun. 10 The conpany received a bin for rent of equipeent that was used on a recently conpleted job. The $1,850 rent cost must be paid within 30 days. Jun. 12. The conpany collected 511,400 cash in partial paynent fron the client billed on June 9. Jun. 14 The coapany paid $2,200 cash for wages to a drafting assistant. Jun. 17 The coepany paid $1,700 cash to settle the account payable created in on Jure 8 . Jun. 29 The cospany paid $1,200 cash for minor asintenance of its drafting equipaent. Jun. 23 Lindsey Martin withdrew 39,700 cash fron the coepany for personal use. Jun. 28 The coepany paid $2,200 cash for wages to a drafting assistant. Jun. 29 The coepany paid $2,940 cash for advertisenents on the web during June. The income statement reports the change in equity attrbutable to the operation of the business during a specific period of time. Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automabcally populate. Did the company report net income or net loss during the current month? un. 17 The company paid $1,700 cash to settle the account payable created in on June 8 . un. 20 The company paid $1,200 cash for minor maintenance of its drafting equipment. lun. 23 Lindsey Martin withdrew $9,700 cash from the company for personal use. Tun. 28 The company paid $2,200 cash for wages to a drafting assistant. Jun. 29 The company paid $2,940 cash for advertisements on the web during June. The income statement reports the change in equity attributable to the operation of the busine time. Using the dropdown buttons, select the financial statement elements and account t income statement. The account balances will automatically populate. Did the company report during the current month