Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $66,000 cash and equipment valued at $33,000 in the company in exchange for its common stock. b. The company purchased a building for $45,000 cash. c. The company purchased equipment for $5,500 cash. d. The company purchased $4,000 of supplies and $2,000 of equipment on credit. e. The company paid $820 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,700 for the service. g. The company designed a financial plan for another client and immediately collected a $8,200 cash fee. h. The company paid $1,500 cash in dividends to the owner (sole shareholder). i. The company received $3,700 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $1,000 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. Required 1 Required 2 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operati a. Lita Lopez invested $66,000 cash and equipment valued at $33,000 in the company in exchange for its common stock. b. The company purchased a building for $45,000 cash. c. The company purchased equipment for $5,500 cash. d. The company purchased $4,000 of supplies and $2,000 of equipment on credit. e. The company paid $820 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,700 for the service. g. The company designed a financial plan for another client and immediately collected a \$8,200 cash fee. h. The company paid $1,500 cash in dividends to the owner (sole shareholder). i. The company received $3,700 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $1,000 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. Complete this question by entering your answers in the tabs below. Determine the company's net income