Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your answers by selecting the date on the trial balance tab.) The first 3 transactions are completed for you! Transaction: Where can you go to find each of your answers? December 1 - Mobility Solutions receives $74,000 cash from Ronnie Walsh in exchange for common stock. December 2-Pays $4,700 cash for supplies. Net Income Income Total Assets Total Liabilities Total Equity Balance sheet Balance sheet Balance sheet statement $ 0 $ 74,000 $ 0 $ 74,000 0 74,000 0 74,000 December 3 - Pays $58,000 cash for equipment. 0 74,000 0 74,000 December 4 - Purchases $10,450 of supplies on credit from a supplier. 10,450 December 5- Provides consulting services and immediately collects $8,400 cash. 6,400 December 6 - Pays $3,200 cash for December rent. December 7-Pays $1,700 cash for employee salary. December 8 - Provides consulting services of $4,900 and rents its test facilities for $3,600. The customer is billed $8,500 for these services. December 9 - Receives $8,500 cash from the client billed on December 8. December 10 - Pays CalTech Supply $3,100 cash toward the payable from December 4. December 11 - Mobility Solutions pays $1,600 cash for dividends. December 12 - Receives $4,400 cash in advance of providing consulting services to a customer. December 13 - Pays $4,600 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. December 14 - Pays $2,320 cash for supplies. December 15 - Pays $2,505 cash for December utilities expense. December 16- Pays $1,800 cash in employee salary for work performed in the latter part of December. 3,200 < Balance Sheet FS Impact > Show less