Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations.Lita Lopez invested $$69,000$ cash and equipment valued at $$37,000$ in the company.The company purchased a building for $$50,000$ cash.The company purchased equipment for $$5,400$ cash.The company purchased $$3,100$ of supplies and $$1,000$ of equipment on credit.The company paid $$910$ cash for advertising expenses.The company completed a financial plan for a client and billed that client $$4,900$ for the service.The company designed a financial plan for another client and immediately collected a $$9,000$ cash fee.L$.$ Lopez withdrew $$900$ cash from the company for personal use.The company received $$3,900$ cash as partial payment from the client described in transaction f$.$The company made a partial payment of $$500$ cash on the equipment purchased in transaction d$.$The company paid $$1,600$ cash for the secretarys wages for this period.Required:Enter the amount of each transaction on individual items of the accounting equation.Determine the company's net income.