I need only the Analyze part: a, b, c

Eli's Consulting Services Balance Sheet December 31, 2019 Assets Cash 111 3 50 00 Accounts Receivable Supplies Prepaid Rent Equipment Less Accumulated Depreciation Total Assets 5 00 000 4000 00 10 8 1 7 00 11000 00 18 3 00 132 1 6 7 00 Liabilities and Owner's Equity Liabilities Accounts Payable 3 500 00 Owner's Equity 128 6 6 7 00 1321 167100 Trayton Eli, Capital Total Liabilities and Owner's Equity ic ra nce 11. Journalize and post the closing entries. 12. Prepare a postclosing trial balance. Analyze: Compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Figure 6.4. a. What changes occurred in total assets, liabilities, and the owner's ending capital? b. What changes occurred in the Cash and Accounts Receivable accounts? c. Has there been an improvement in the firm's financial position? Why or why not? DATE TRANSACTIONS Purchased supplies for $7,000; issued Check 1015. Purchased a one-year insurance policy for $8,400; issued Check 1016. Sold services for $20,000 in cash and $5,000 on credit during the first week of January. Collected a total of $4,000 on account from credit customers during the first week of January. Issued Check 1017 for $3,600 to pay for special promotional advertising to new busi- nesses on the local radio station during the month. Collected a total of $4,500 on account from credit customers during the second week of January. Returned supplies that were damaged for a cash refund of $750. Sold services for $20,700 in cash and $2,300 on credit during the second week of January 2 2 7 12 Jan. 12 13 14 15 20 Purchased supplies for $5,00 from White's, Inc.; received Invoice 2384 payable in 30 days 20 Sold services for $12,500 in cash and $3,500 on credit during the third week of January 20 Collected a total of $5,600 on account from credit customers during the third week of