Sa The financial statements report the cumulative impact of all transactions recorded as of the finandal statem cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that w the financial statements immediately after each transaction is recorded. (Hint: You can check your answ the date on the trial balance tab.) The first 3 transactions are completed for you! Transaction: Net Income Total Assets Total Total Equity Where can you go to find each of your answers? Balance sheet Balance sheet Balance sheet Dec. 1-Stam Consulting receives $64,000 cash from Jane Stam as an owner contribution Dec. 2 Pays $4,200 cash for supplies Dec 3-Pays $48,000 cash for equipment 64,000 64,000 64,000 0 S 64,000 64,000 64,000 Dec. 4 - Purchases $9,700 of supplies on credit from supplier Dec. 5 -Provides consulting services and immediately collects $5,900 cash Dec 6-Pays $2,700 cash for December rent a Dec. 7-Pays $1,200 cash for employee salary Dec. 8 - Provides consulting services of $3,900 and rents its test facilities for $2,600. The customer is billed $6,500 for these services Dec. 9- Receives $6,500 cash from the client billed on December 8 Dec. 10- Pays CalTech Supply $2,600 cash toward the payable from December 4 Dec. 11 - Jane Stam withdraws $1,100 cash for personal use Dec. 12 - Receives $3,900 cash in advance of providing Dec. 13 - Pays $4,100 cash (insurance premium) for a 24-month insurance policy. Coverage begins on consulting services to a customer December 1 Dec. 14 -Pays $1,820 cash for supplies Dec. 15-Pays $2,005 cash for December utbilities Dec. 16-Pays $1,550 cash in employee salary for work performed in the latter part of December Balance Sheet