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 $38,000 in the company b. The company purchased a building for $42.000 cash C. The company purchased equipment for $5,700 cash d. The company purchased $3,100 of supplies and $1,300 of equipment on credit e. The company paid $860 cash for advertising expenses f. The company completed a financial plan for a client and billed that client $4,300 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 $1,500 cash from the company for personal use. 1. The company received $3,300 cash as partial payment from the client described in transaction J. The company made a partial payment of $650 cash on the equipment purchased in transaction d k. The company paid $2,100 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 Red 2 . 000 000) 3.100 5 5 R 05 0001 1 $ $ 000 0 10 0 . 1001 001 . 000 45.000 Balance 105.000 2000 O O - . 000 Balance OO 000 DOWE 106.000 1000 - 0 1000 - 100) + . 42.000 45000 . O 27.000 000 10 O. 0 0 .OOL . DOS U 2000 00 0005 Balance sherg 23.100 COLE 000 DO . -10 O . 000 DOCO Balance 105.000 DOLC - .000 ST 42000 01 0. .DOC 000 - . . Balance 45.000 000 105.000 COLOC 0 0. D. 3.100 . 31001 . . + . . 106.000 .O 45 000 2.000 +10 Balanceerd OOCOC . DOC DOLC Balance O 000 O +10 SO000 - 0+ 0 0 20.300. 57001 3.700 5.700 35000 - . O Balance het aand 0 0 000 901 10 0 000 2 000 +000 1000 000 39 000 $ 5 - $ 100 000 Capital L Lopet Payable Account Equipment Opore Supplies Receivable Accounts Expenses Cash Revenues Withdrawal L Lopez Equity Liabies Asset Required: 1. Enter the amount of each transaction on individual items of the accounting equation 2. Determine the company's net income Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the company's net income