Prepare the following journal entries. Use the attached forms for your answers, or create your own forms, using Word or Excel. Prepare twelve Journal Entries for the following transactions (use the separate form provided). Skip a line between each journal entry. At the end of the month, you must have a positive balance in the Cash account. You must have enough Net Income to pay the Dividends. The sole shareholder (you) contributed Cash in the amount of $ _____ and Equipment valued at $ _____ in exchange for Common Stock in the corporation. The company rented space, paid a security deposit of $1, 500.00 (Debit to an Asset account named Security Deposit), and prepaid the first two months' rent in the amount of $ 3,000.00, with cash. The company prepaid for six months of business insurance coverage in the amount of $1, 200.00 in cash. The company purchased Supplies in the amount of $ _____, on account. The company purchased additional Equipment in the amount of $ _____, by paying in cash $ _____ in cash, and signing a Note Payable for the balance. The company provided services to its first customer, and received $ _____ in cash. The company provided services to a new customer, and billed the customer $ _____. The company paid the utility bill in the amount of $283.00 in cash. The company paid the telephone bill in the amount of $195.00 in cash. The two adjusting journal entries to for Rent Expense and Insurance Expense for December are prepared. The company paid a cash dividend of $250.00 to its sole shareholder. Do not create any journal entries that are not listed above. Do not create any a directly from the journal entries above, other than Retained Earnings. Prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet for December, 2016, for your company. Remember to date each financial statement appropriately. Your Balance Sheet must balance