Reference Review the following transactions and related T-accounts that were previously prepared. Assume that all transactions occurred in the month of January 2016 (Click the icon to view the transactions.) (Click the icon to view the T-accounts.) Cash Common Stock Read the requirements. (a) 1.600 (a) 31,500 22.500 (b) (d) Requirement 1. Prepare the trial balance of Leigh Hampton, Attorney, at January 31, 2016. Use the T-accounts that have been prepared for the business 3,300 850 le) Leigh Hampton, Attorney Trial Balance (9) 2,300 Bal 14.450 Bal 31.500 0 Transactions January 31, 2016 Account Debit Credit Accounts Receivable Dividends 10,100 a (9) Bal 2,300 2.300 Bal 10,100 b. Office Supplies Service Revenue c. d. Leigh Hampton opened a law firm by investing $22,500 and office furniture with a fair value of $9,000. Organized as a professional corporation, the business issued common shares to Hampton. Paid monthly rent of $1,600 Purchased office supplies on account, $1,400. Paid employee salaries of $3.300. Paid $850 of the account payable created in transaction c. Performed legal services on account, $10,100. Declared and paid dividends of $2,300. c) 1,400 (f) 10.100 e. Bal 1,400 Bal 10.100 1. 9 Office Furniture Salary Expense a) 9.000 3,300 Print Done Bal 9,000 Bal 3,300 Total Requirement 2. How well did the business perform during its first month? Compute net income (or net loss) for the month. (Please use a minus sign or pare Accounts Payable Rent Expense The business performed as shown by the $ of for the month of January Print Done Choose from any list or enter any number in the input fields and then continue to the next