Instructions: Use the following balance sheet information from The Health and Fitness Centers' month-end financial statements dated January 31, 2020 and open t-accounts for each balance sheet line item. Then use the enclosed TRANSACTIONS AND ADDITIONAL INFORMATION to complete the General Journal, Ledger, and Financial Statements, including Income Statement, Balance Sheet, and (simplified) Statement of Stockholders' Equity for the second month of operations during fiscal year 2020. Use the Perpetual Inventory method as discussed in class for all sales of merchandise. The Heath and Fitness Center Balance Sheet As of January 31, 2020 Assets: Liabilities: Cash $7,500 Accounts Payable $4,100 Accounts Receivable 2,800 Salaries Payable 3,650 Inventory Concessions 500 Interest Payable 1,875 Supplies 100 Unearned Revenue 850 Prepaid Insurance 4,125 Note Payable 250.000 Total Current Assets 15,025 Total Current Liabilities 260,475 Land 100,000 Stockholder's Equity Building 300,000 Common Stock 200,000 Equipment 43,200 Retained Earnings 19.440 Furniture and Fixtures 23,760 Total Liab. and SHE $479,915 Accumulated Depreciation (2.070) Total Assets $479,915