Needing help with this example problem. Thank you so much in advance!

Transaction Analysis Grace Main began the Main Answering Service in December 2015. The firm provides services for professional people and is currently operating with leased equipment. On January 1, 2016, the assets and liabilities of the business were: Cash Accounts Receivable Accounts Payable Notes Payable Common Stock Retained Earnings $6,400 8.900 2.600 3,500 9,200 The following transactions occurred during the month of January: Jan 1 Paid rent on office and equipment for January, $2,800. 2 Collected $6.500 on account from clients. 3 Borrowed $4,000 from a bank and signed a note payable for that amount. 4 Billed clients for work performed on account, $11,500. 5 Paid $2,400 on accounts payable. 6 Received invoice for January advertising, $2.550. 7 Paid January salaries, 55,800. & Paid January utilities, $2.430. 9 Paid stockholders dividend in cash. 10 Purchased fax machine (on January 31) for business use, $3,400. 11 Paid $130 to bank as January interest on the outstanding note payable. 4.600 Required (a) Set up an accounting equation in columnar form with the following individual assets, liabilities, and stockholders' equity accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Notes Payable, Common Stock, and Retained Earnings. Enter the January 1 balances below each item. (Note: The beginning Equipment account balance is $0.) (b) Show the impact (increase or decrease) of the January transactions on the beginning balances, and total all columns to show that assets equal liabilities plus stockholders' equity as of January 31. Note: Use a negative sign with your answers, when needed. Cash + Accounts Receivable + Equipment = Accounts Payable + Notes Payable + Common Stock + Retained Earnings Balance OOOOOOOOOOO ooooooooooo OOOOOOOOOOO