Required Information The following Information applies to the questions displayed below] Francine's Fast Delivenes, 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 Llabilitles Cash Accounts Recelvable Supplies $ 875 Accounts Payable 450 Stockholders' Equity 250 Contributed Capital Retalned Earnings $ 250 $1,000 325 Total Assets $1,575 Total Liabilities & Stk. Equity $1,575 January Transactions for Francine's Fast Delivenies, inc. (FFD Date 1. Owners invest $18,000 of additional cash in the business 2a Supplies are purchased for $550 on account. 2b Insurance is paid for 12 months beginning January 1 $6.060 Record as an asset) 2c Rent is paid for 3 months beginning in January $2.550 (Record as an asset 2d Two employees are hired. Each employee will be paid $870 per month FFD borrows $21,000 from 1st State Bank at 6% annual interest. A delilvery van is purchased for cash, including tax the total cost was $28.800, it no saivage value A full monhth of depreclation will be charced in Januarv 3 6 iwill be usec for 4 yeors and will be depreciated monthiy using straight-line with