On January 1, 2014, Heather Smith formed a new interior-design business. The following transactions took place from January 1 to January 31: January 1: Invested $15,000 of her personal funds into the business. January 1: Smith Interiors used $2,500 of its cash to purchase supplies January 1: Smith Interiors purchased additional supplies valued at $1,100, and furniture at a cost of $6,000, from CanTech Supply Company. Smith Interiors has arranged to pay for the supplies in 30 days and signed a 60-day note payable for the furniture. January 10: Smith Interiors provided consulting services to a dentist and immediately collected $2,200 cash. January 10: Smith Interiors paid $1,000 rent for the month of January. January 14: Smith Interiors paid $700 salary to the businesss only employee. January 14: A customer and Heather Smith sign a $25,000 contract that requires Smith Interiors to do the interior design for an office building currently under construction. Smith Interiors is expected to perform the services during February and March. January 15: Smith Interiors provided consulting services and rented furniture to a customer and billed the customer $1,600 for the consulting services and $300 for the rental of the office furniture. January 25: Received full payment from the customer billed on January 15. January 25: Smith Interiors paid $900 of the amount owing to CanTech Supply Company for the supplies purchased on January 1. January 30: Heather Smith withdrew $ 1,600 cash from the business for her PERSONAL use. Required: j