Sanchez Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements June 1 Carlos Sanchez, the owner, invested $134,000 cash, office equipment with a value of $13,500, and $77,000 of drafting equipment to launch the company in exchange for common stock. June 2 The company purchased land worth $57,506 for an office by paying $18,200 cash and signing a long-term note payable for $39,300. June 3 The company purchased a portable building with $46,500 cash and moved it onto the land acquired on June 2. June 4 The company paid $8,100 cash for the premium on an 18-month insurance policy. June 5 The company completed and delivered a set of plans for a client and collected $13,000 cash. June 6 The company purchased $30,200 of additional drafting equipment by paying $18,000 cash and signing a long-term note payable for $12,200. June 7 The company completed $27,680 of engineering services for a client. This amount is to be received in 30 days. June 8 The company purchased $2,000 of additional office equipment on credit. June 9 The company completed engineering services for $25,400 on credit. June 18 The company received a bill for rent of equipment that was used on a recently completed job. The $2,150 rent cost must be paid within 30 days. June 12 The company collected $13,800 cash in partial payment from the client billed on June 9. June 14 The company paid $2,200 cash for wages to a drafting assistant. June 17 The company paid $2,000 cash to settle the account payable created in on June 8. June 20 The company paid $1,350 cash for minor maintenance of its drafting equipment. June 23 The company paid $9,820 cash in dividends. June 28 The company paid $2,200 cash for wages to a drafting assistant. June 29 The company paid $3,180 cash for advertisements on the web during June. SANCHEZ ENGINEERING Income Statement For Month Ended June 30, 2021 Assets: Liabilities: Equity: Revenues: Expenses