Required information [The following information applies to the questions displayed below.) Francine's Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Francine's Fast Deliveries, Inc. Balance Sheet at January 1, 2012 Assets: Liabilities: Cash $2,225 Accounts Payable $ 2,010 Accounts Receivable 1.400 Stockholders' Equity Supplies 1,200 Common Stock $2,000 Retained Earnings 815 Total Assets $4,825 Total Liabilities & Stk. Equity $4,825 January Tranzactions for Francine's Fast Deliveries, Inc. (FFD) Date 1 Owners invest $36,000 of additional cash in the business 2a Supplies are purchased for $1,500 on account. 2b Insurance is paid for 12 months beginning January 1: $9,300 (Record as an asset) 20 Rent is naid for 3 months herinninn in Ianuary $5 400 (Recon AS AN Accet FER 124 7. Prepare end-of-January financial statements. (Balance Sheet only, items to be deducted must be indicated with a negative amount.) FAST DELIVERIES, INC. Income Statement For the Month Ended January 31 $ 0 FEB 3 24 ((( H Required information Total Current Assets $ 0 Total Current Liabilities $ 0 Equipment, net + 0 Total liabilities Stockholders' Equity 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets $ 0 $ 0