Review the following balance sheet and answer the following questions

Review the following balance sheet and answer the following questions. Alonzo Diaz, Personal Chef Balance Sheet April 30, 2020 Assets Liabilities Cash $2,430 Note Payable $3,000 Supplies 1,690 Shareholders' Equity Equipment m Contributed Capital $5,000 Retained Earnings 3,620 Total Shareholders\" Equity m Total Assets $11,620 Total Liabilities and Shareholders\" Equity 1,620 a) Is this business a sole proprietorship, partnership, or corporation?I How do you know? Justify your answer. b) Who has claims to the assets owned by the business and how much? 0) Assume that April is the rst month of operations and no dividends were given to the owner. How much net income was earned during April? d) Using this balance sheet, describe what Alonzo did during the first month of running his business