Problem: Complete all the requirements listed at the bottom of the problem. This assignment is worth a total of fifty points. Please use a separate sheet of paper to complete the problem, and attach it to this paper. Show all your work. The following amounts summarize the financial position of Nova, Inc. on September 30, 2018: During October 2018, Nova, Inc. completed these transactions: a. Nova received cash of $3,800 and issued common stock. b. Performed services for a customer and received cash of $6,000. c. Paid $4,300 on accounts payable. d. Purchased supplies on account for $500. e. Collected cash from a customer on account, $2,000. f. Performed services for a customer and billed the customer $4,000. g. Had the following business expenses for the month: (1) paid office rent, $1,300; (2) paid for advertising $700. h. Declared and paid a cash dividend of $2,800 Requirements: 1. Journalize (prepare journal entries) for the October transactions of Nova, Inc. 2. Prepare T-Accounts for each account. Insert in each T-Account its September 30 balance as given (example: Cash $2,200 ). Then post the October transactions to the T-Accounts. Finally, compute the balance of each account.| 3. Prepare the income statement of Nova, Inc. for the month ended October 31, 2018. 4. Prepare Nova Inc.'s statement of retained earnings for the month ending October 31,2018. 5. Prepare the balance sheet of Nova, Inc. at October 31, 2018