Question 1: BreakToMeasure Testing Lab Copy After several months of planning, Denise Murphy started a structural lab-test business for the civil engineering and construction industries called BreakToMeasure. The following events occurred during its first month: a. Murphy started the firm, investing $3,000 cash and $15,000 of equipment. b. Break To Measure paid $1,000 cash for furniture and equipment for the shop. c. BreakToMeasure accrued $500 to rent space in a strip mall for the current month; hasn't paid cash yet. d. Break To Measure opened for business. Some customers paid in cash for the services in the amunt of $825. e. The firm provided $200 of lab-test services on account (IE: it issued the customer an invoice). f. The firm received a $50 check for the lab-test services previously rendered on account. (assume check = cash) g. The firm paid $125 cash to an assistant for working during the grand opening. h. Murphy paid a $400 on the invoice it received in c) above. i. The firm paid $1,000 cash dividends to Murphy. a) Prepare a set of journal entries, using the cr/dr convention (11.25) b) Prepare a balance sheet as of the end of the first month (7.5) c) Prepare an income statement for the first month (3) d) Prepare an Owners Equity statement for the month (4.5) e) Prepare an direct cash flow statement for the first month (9) f) Prepare an indirect cash flow statement (8)