On January 1, 2020, Manohar started QualPhoto Company. The following transactions took place during the first month:

2020

January 1

Manohar invested Rs. 30,000 cash in the company's share capital.

2

Bought supplies of photographic materials on credit, Rs. 9,000.

5

Bought photographic equipment for cash, Rs. 12,000.

7

Received fees for photographic services, Rs. 15,000.

13

Paid creditor for supplies, Rs. 5,000.

18

Took a loan, Rs. 12,000.

22

Billed customers for services, Rs. 19,000.

27

Paid office rent, Rs. 2,500, and electricity charges, Rs. 1,200.

31

Paid dividends, Rs. 4,000.

Required

1. Analyze the effect of these transactions on the accounting equation. (9)

2. Prepare;

A. Statement of profit and loss account, (5)

B. Balance sheet, (5)

C. Statement Cash Flow