Question #1. (40 marks) Transactions by Amna Inc. for the month of April 2021: 1. Received $98,000 cash and issued shares to the owners. 2. Paid $78,400 cash for land. 3. Bought $7,252 of office supplies on account. 4. Received $13,720 cash from customers for services performed. 5. Performed services for customers on account, $5,880. 6. Paid cash for expenses: rent, $2,156; employee salary, $2,352; utilities, $784 7. Paid $3,724 on the account payable from Transaction 3 8. Shareholder uses personal funds to remodel home, which is NOT a transaction of the business. 9. Received $1,960 of the accounts receivable from Transaction 5 10. Sold land for cash at its cost of $43,120. 11. Declared and paid a dividend of $4,116 to the shareholders.

Required: a. Prepare the journal entries. b. Post to the T-accounts in the ledger c. Prepare a Trial Balance 18 marks. d. Prepare an income statement for the month of April and a balance sheet at April-end. 22 marks Submit (c.) and (d.) for grading.