Problem 2-2AKara Shin is a licensed CPA. During the first month of operations of her business, KaraShin, Inc., the following events and transactions occurred.May 1 Stockholders invested $20,000 cash in exchange for common stock.2 Hired a secretary-receptionist at a salary of $2,000 per month.3 Purchased $1,500 of supplies on account from Hartig Supply Company7 Paid office rent of $900 cash for the month.11 Completed a tax assignment and billed client $2,800 for services provided.12 Received $3,500 advance on a management consulting engagement.17 Received cash of $1,200 for services completed for Lucille Co.31 Paid secretary-receptionist $2,000 salary for the month.31 Paid 40% of balance due Hartig Supply Company