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 13. Garcia, owner, invested $124,750 cash in the company in exchange for common stock. January 2 The company purchased supplies for $2,050 cash. January 3 The company purchased $10,050 of equipment on credit. January 4 The company received $17,100 cash for services provided to a customer. January 5 The company paid $10,050 cash to settle the payable for the equipment purchased on January 3. January 6 The company billed a customer $3,500 for services provided. January 7 The company paid $2,025 cash for the monthly rent. January 8 The company collected $1,725 cash as partial payment for the account receivable created on January 6. January 9 The company paid $10,800 cash in dividends to the owner (sole shareholder).