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

a$.$ Lita Lopez invested $$68,000$ cash and equipment valued at $$33,000$ in the company in exchange for its common stock.

b$.$ The company purchased a building for $$41,000$ cash.

c$.$ The company purchased equipment for $$5,500$ cash.

d$.$ The company purchased $$3,100$ of supplies and $$1,800$ of equipment on credit.

e$.$ The company paid $$970$ cash for advertising expenses.

f$.$ The company completed a financial plan for a client and billed that client $$4,800$ for the service.

The company designed a financial plan for another client and immediately collected a $$8,200$ cash fee.

h$.$ The company paid $$1,000$ cash in dividends to the owner $($sole shareholder$).$

i$.$ The company received $$3,800$ cash as partial payment from the client described in transaction $f.$

j$.$ The company made a partial payment of $$900$ cash on the equipment purchased in transaction d$.$

k$.$ The company paid $$2,000$ 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.

Complete this question by entering your answers in the tabs$,$ below.

Required $1$

Required $2$

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

Note: Reductions in account balances should be indicated with a minus sign.

$44$

Required $2$