Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $69,000 cash and office equipment valued at $30,000 in the company in exchange for its common stock. b. The company purchased an office suite for $45,000 cash. c. The company purchased office equipment for $5,900 cash d. The company purchased $3,300 of office supplies and $1,600 of office equipment on credit. e. The company paid a local newspaper $930 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $4,900 for the service. g. The company designed a financial plan for another client and immediately collected a $8,700 cash fee. h. The company paid $1,300 cash in dividends to the owner (sole shareholder). i. The company received $3,900 cash as partial payment from the client described in transaction f j. The company made a partial payment of $800 cash on the equipment purchased in transaction d. k. The company paid $2,400 cash for the office secretary's wages for this period. Required: 2. Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.) Answer is not complete. Assets Liabilities Equity Accounts Office Office Accounts Common Reven Payable Stock Dividends Cash Receivable Supplies Equipment OfficeSuite + 99,000 - S 69,000 30,000 a + = b 45,000 + Bal 45,000 69,000 0 30,000 0 99.000 C + + = - 5,900 + (5,900) c. - Bal 63,100 0 35.900 45.000 99,000 0 0 0 1,600 + 3,300 + 4,900 d + Bal 3.300 37,500 63,100 0 45.000 4,900 99.000 C + + + 1 - (930) + e. + + - Bal 3,300 45,000 62,170 0 37,500 4,900 99,000 C 4,900 + + 3.300 37.500 9,800 Ball 62,170 0 45.000 99,000 + - 8,700 + 8. g. + - 3.300 37.500 45.000 9,800 99,000 Bal. 70,870 0 0 8. + (1,300) (1,300) Ball 3.300 37.500 45.000 99.000 (1,300) 69,570 0 9,800 8. - 3,900 + (3,900) x i. + Bal. 73,470 0 3.300 37,500 45.000 5,900 99,000 (1,300) 8, + (800) (800) + + + + = Bal. 72,670 0 3.300 37,500 45,000 5,100 99,000 (1,300) 8, + + + k. (2,400) + Prev 10 of 10 Next Answer is not complete. Liabilities Equity Common Accounts Payable Stock Dividends Expenses Revenues + + $ 99,000 + 99,000 0 0 0 0 + + 0 99,000 0 0 0 + 4,900 4,900 99,000 0 0 0 + + 99,000 0 0 0 4,900 + 4,900 9,800 99,000 0 C 0 + 8,700 9,800 99,000 0 0 8,700 (1,300) + 9,800 99,000 (1,300) 8,700 0 + (3,900) 99,000 (1,300) 8,700 0 5,900 (800) + + 5,100 99,000 (1,300) 8,700 0 (2,400) Prey 10 of 10 Next 3. Determine the company's net income. Answer is complete but not entirely correct. Net income $ 6,300