Question 2 (50 points) Star Inc. began operations on December 1, 2014. The transactions for the first month follow. a. A shareholder paid Star Inc. $50,000 cash for share capital in the business. b. Furniture was rented by a customer for $900 cash. c. Star Inc. paid this month's $400 water utilities bill received today. d. Furniture was rented by a customer for $1,500 cash. e. Star Inc. will pay this month's electrical utilities bill of $100 received today, within 30 days. f. Furniture was rented by a customer for $900 on credit. 9. A client rented equipment for $7,000 cash. n. The bill for the $1,250 advertising campaign that ran last week was received today and paid. i. Furniture was rented by a customer for $1,300 on credit. 1. Star Inc. paid dividends of $1,000 to the shareholders. Fill out the following table, according to the transactions above. Select the headings for each column by clicking on the appropriate cell. Also indicate next to each change in equity (in the explanation column) whether it was caused by issuance of share capital investment), a revenue, an expense or payment of dividends. Identify revenues and expenses by name. Calculate the total balance for each column (no + or - sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended December 31. a) Complete the following accounting equation table: Assets = Liabilities Equity Explanation +Share Capital Retained Earnings (a) (b) (c) (d) (e) 0 (9) (h) 0 0) Bal. b) Complete the following income statement: (select one) Income Statement (select one) c) Complete the following statement of changes in equity: (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity d) Complete the following balance sheet: (select one) Balance Sheet (select one) x 1