Problem 1-8A (Algo) Analyzing effects of transactions LO P1, P2 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. o. Lita Lopez invested $69,000 cash and equipment valued at $36,000 in the company in exchange for its common stock. b. The company purchased a building for $41,000 cash. c. The company purchased equipment for $5,800 cash. d. The company purchased $3,900 of supplies and $1,800 of equipment on credit. e. The company paid $970 cash for advertising expenses f. The company completed a financial plan for a clent and billed that cllent $4,900 for the service. g. The company designed a financial plan for another client and immediately collected a $8,800 cash fee. h. The company pald $1,500 cash in dividends to the owner (sole shareholder). i. The company received $3,900 cash as partial payment from the clent described in transaction t. j. The company made a partial payment of $900 cash on the equipment purchased in transaction d. k. The company paid $2,200 cash for the secretary's wages for this perlod. Required: 1. Enter the amount of each transaction on indlvidual items of the accounting equation. 2. Determine the company's net income. Required: 1. Enter the amount of each transaction on individual items of the accointing equation. 2. Determine the company's net income. Complete this question by entering your answers in the tabs below. Enter the armount of each transaction on individual hems of the accounting equation. Note: Reductions in account balances should be indicated with a minus sign