Q3. Prepare an extended accounting equation from the below mentioned information: On November 1, 2012, Chris Clark deposits AED25,000 in a bank account in the name of Net Solutions. On November 5, 2012, Net Solutions agreed to pay AED20,000 for the purchase of land as a future building site. On November 10, 2012, Net Solutions purchased inventory for AED1,350 and agreed to pay the supplier in the near future. On November 18, 2012, Net Solutions received cash of AED7,500 for providing services to customers. On November 30, 2012, Net Solutions paid the following expenses during the month: wages, AED2,125; rent, AED800; utilities, AED450. On November 30, 2012, Net Solutions paid creditors on account, AED950