Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30,FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119,413,414,415, and 502 ) are added to its general ledget accommodate the company's new merchandising activities. Its transactions for January through March follow. accommodate the company's new merchandising activities. its transactions for January through March follow. January ' The company paid cash to Lyn hddie for five daya work at the rate of five daya relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional $24,500 cash in the company. January 7 The company purchased $6,000 of merchandise from Kansas Corporation with terms of 1/10, n/30, foB January 9 The company received $2,838 cash from Gomez Company as full paynent on its account. January 11 The company completed a five-day project for alex's Engineering Company and billed it $5,410, January 11 The company completed a five-day project for hlex which is the total price of $6,870 less the advance payment of $1,460. The company debited Unearned Computer Services Revenue for $1,460. January 13 The company Eold nerchandise with a retail value of $4,900 and a cost of $3,520 to Liu January 15 The company paid \$750 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,080 cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the diacould January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the digcount. January 20 The company gave a price reduction (all January 22 The company received the balance due from Liu Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debi The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,165. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,715 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,160. f. Depreciation on the office equipment for January 1 through March 31 is $250. g. The March 31 amount of merchandise inventory still available totals $624. 5. Prepare a statement of owner's equity (from the adjusted trial balance in part 3) for the three months ended March 31,2022 . Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30,FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119,413,414,415, and 502 ) are added to its general ledget accommodate the company's new merchandising activities. Its transactions for January through March follow. accommodate the company's new merchandising activities. its transactions for January through March follow. January ' The company paid cash to Lyn hddie for five daya work at the rate of five daya relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional $24,500 cash in the company. January 7 The company purchased $6,000 of merchandise from Kansas Corporation with terms of 1/10, n/30, foB January 9 The company received $2,838 cash from Gomez Company as full paynent on its account. January 11 The company completed a five-day project for alex's Engineering Company and billed it $5,410, January 11 The company completed a five-day project for hlex which is the total price of $6,870 less the advance payment of $1,460. The company debited Unearned Computer Services Revenue for $1,460. January 13 The company Eold nerchandise with a retail value of $4,900 and a cost of $3,520 to Liu January 15 The company paid \$750 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,080 cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the diacould January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the digcount. January 20 The company gave a price reduction (all January 22 The company received the balance due from Liu Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debi The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,165. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,715 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,160. f. Depreciation on the office equipment for January 1 through March 31 is $250. g. The March 31 amount of merchandise inventory still available totals $624. 5. Prepare a statement of owner's equity (from the adjusted trial balance in part 3) for the three months ended March 31,2022