Practice Problem Lil Baby Company entered into the following transactions during March 2021. 1. Purchased office equipment for $25,000 from Offset Equipment, Inc. on account. 2. Paid $3,000 cash for March rent on office furniture. 3. Received $18,000 cash from customers for services billed in February.I 4. Provided legal services to Megan T.S. Company for $3,500 cash. 5. Paid Cardi Company. $2,500 cash for electric usage in March. 6. Lil Baby invested an additional $32,000 in the business. 7. Paid Offset Equipment, Inc. for the office equipment purchased in (1) above. 8. Incurred advertising expense for March of $1,600 on account. Instructions: Prepare a tabular analysis for the transactions above