Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. Lita Lopez invested $66,000 cash and equipment valued at $31,000 in the company. The company purchased a building for $43,000 cash. The company purchased equipment for $5,200 cash. The company purchased $3,500 of supplies and $1,200 of equipment on credit. The company paid $920 cash for advertising expenses. The company completed a financial plan for a client and billed that client $4,900 for the service. The company designed a financial plan for another client and immediately collected a $8,600 cash fee. L. Lopez withdrew $1,500 cash from the company for personal use. The company received $3,900 cash as partial payment