Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations.

Lita Lopez invested $$70,000$ cash and equipment valued at $$10,000$ in the company in exchange for its common stock.

The company purchased a building for $$40,000$ cash.

The company purchased equipment for $$15,000$ cash.

The company purchased $$1,200$ of supplies and $$1,700$ of equipment on credit.

The company paid $$500$ cash for advertising expenses.

The company completed a financial plan for a client and billed that client $$2,800$ for the service.

The company designed a financial plan for another client and immediately collected a $$4,000$ cash fee.

The company paid $$3,275$ cash in dividends to the owner $($sole shareholder$).$

The company received $$1,800$ cash as partial payment from the client described in transaction f$.$

The company made a partial payment of $$700$ cash on the equipment purchased in transaction d$.$

The company paid $$1,800$ cash for the secretary$\text{'}$s wages for this period.

Required:

Enter the amount of each transaction on individual items of the accounting equation.

Determine the company's net income.