On March 1 Cayleb's Swimming School had the following accounts; some with balances, (as given), and some without: Cash $3,000 Accounts Receivable: P. Loren $150 L. Timmins Equipment: $4,700 Accounts Payable: Jane's Pool Supplies $750 T. Cayleb, Capital $7,100 Fees Income Advertising Expense Rent Expense Pool Maintenance Expense Utilities Expense a) Set up the general ledger for Cayleb's Swimming School on March 1 and record the beginning balances noted above and the transactions listed below. b) Calculate the balance of the accounts on March 31 and prepare a Trial Balance, an Income Statement, and a Balance Sheet March Transactions March 2 Received $300 cash from clients for swimming lessons. March 2 Issued a bill for $95 for L. Timmins for lessons. March 3 Paid $1,400 cash to Sports Centres Corp. for monthly rent. March 4 Received $50 cash from P Loren to be applied to the amount owed. March 5 Received a $150 bill from Shayna's Pool Cleaning Services for Pool Maintenance. March 7 Received $2000 cash from clients for lessons. March 10 Issued another bill to L. Timmins for $45 for lessons March 11 Received $100 cash from P.Loren to pay for outstanding amounts owing. March 15 Received a bill for $500 for training equipment purchased from Jane's Pool Supplies. March 22 Paid $90 for electricity and water. March 28 Paid $300 to Jane's Pool Supplies on some of the balance owing. March 30 Paid $355 cash to the Ajax News Gazette for advertising