In excel, show the following transactions and how it will impact the Income Statement and Balance Sheet for the month of January-assume all beginning balances are $0 T The Company is working on an intercompany project. The project is sold at cost. In the month of January, the Company incurs $300,000 of labor costs and $50,000 of material costs on the project. 2. The Company has a Zero Balance Account with Mother company. The Company received $25,000 in cash receipts on 1/15/21. 3.The Company has a Zero Balance Account with Mother company. The Company runs a special bonus payroll for $10,000 on 1/25/21 4. The Compaany receives and invoice for Business insurance for $120,000 for the period of 1/1-12/31 5. The Company pays employees on weekly basis and payroll for the period of 1/30-2/3 is processed on 2/9. Assume payroll averages $10,000 a day. 6. Please provide a PPD Insurance schedule for 1/1-12/31 for the expense listed in question 4.