Part II: Transaction analysis (3 points) Perez Company had the following transactions during January: 1. Jan 1 Issued $100,000 in stock to owners in exchange for cash to start the business. 2. Jan 5 Borrowed $50,000 from the bank by signing a notes payable. 3. Jan 10 Purchase equipment by paying cash for $25,000. 4. Jan 15 Paid January rent of $2,400 for the office space (hint: since this is for January, record as rent expense) 5. Jan 18 Performed services for customers and received cash immediately for $8,000. 6. Jan 20 Purchased $2,000 in supplies on account. 1) Prepare a transaction analysis for the January transactions. Remember to prove the accounting equation at the end. 2) Bonus Questions: Prepare a balance sheet ending Jan 31 and an income statement for the month of January