Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. January 1 S. Lewis, owner, invested $163,750 cash in the company in exchange for common stock. January 2 The company purchased supplies for $3,350 cash. January 3 The company purchased $12,050 of equipment on credit. January 4 The company received $19,700 cash for services provided to a customer. January 5 The company paid $12,050 cash to settle the payable for the equipment purchased on January 3. January 6 The company billed a customer $4,800 for services provided. January 7 The company paid $3,325 cash for the monthly rent. January 8 The company collected $2,700 cash as partial payment for the account receivable created on January 6. January 9 The company paid $13,100 cash in dividends to the owner (sole shareholder). Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for you! Transaction: Where can you go to find each of your answers? Net Income Total Assets Total Liabilities Total Equity January 1-S. Lewis, owner, invested $163,750 cash in the company in exchange for common stock. January 2- The company purchased supplies for $3,350 cash. $ 0 $ 163,750 $ 0 $ 163,750 0 163,750 0 163,750 January 3 - The company purchased $12,050 of 175 8001 12.050 163 750l Show less