Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations a. Lita Lopez invested $67,000 cash and equipment valued at $39,000 in the company b. The company purchased a building for $50,000 cash c. The company purchased equipment for $5,500 cash d. The company purchased $3,600 of supplies and $1,900 of equipment on credit e. The company paid $920 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,000 for the service g. The company designed a financial plan for another client and immediately collected a $8,800 cash fee. h. L. Lopez withdrew $1,600 cash from the company for personal use 1. The company received $3,000 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 $1.700 cash for the secretary's wages for this period. Required: 1. Enter the amount of each transaction on individual items of the accounting equation 2. Determine the company's net income.