Isabel Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. I. Lopez invests $62,000 cash and office equipment valued at $30,000 in the company. b. The company purchased a $319,000 building to use as an office. Biz paid $42,000 in cash and signed a note payable promising to pay the $277,000 balance over the next ten years. c. The company purchased office equipment for $5,700 cash. d. The company purchased $3,300 of office supplies and $1,900 of office equipment on credit. e. The company paid a local newspaper $990 cash for printing an announcement of the offices opening. f. The company completed a financial plan for a client and billed that client $4,500 for the service. g. The company designed a financial plan for another client and immediately collected an $8,000 cash fee. h. Lopez withdrew $1,400 cash from the company for personal use. i. The company received $3,500 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $950 cash on the equipment purchased in transaction d. k. The company paid $2,500 cash for the office secretarys wages for this period. Required: 2. Enter the amount of each transaction on individual items of the accounting equation. 3. Determine the company's net income. Coca-Cola and PepsiCo both produce and market beverages that are direct competitors. Key financial figures (in $ millions) for these businesses over the past year follow. Key Figures ($ millions) Coca-Cola PepsiCo Sales $ 21,922 $ 29,349 Net income 5,090 4,240 Average assets 29,105 27,235 Required: 1. Compute return on assets for Coca-Cola and PepsiCo. 2. Which company is more successful in its total amount of sales to consumers? Coca-Cola PepsiCo 3. Which company is more successful in returning net income from its assets invested? PepsiCo Coca-Cola