Shelley Herzog started a research services business near the university's headquarters

The company gave the name Herzog Researchers Ltd$.,$ and the company during

The first month of operations, July $2006,$ with the following transactions: A$-$ The company issued its common shares to Shelly Herzog, who invested $40,000$ riyals to begin receiving the company in cash.

B The company purchased supplies at a cost of $1,000$ riyals on account.

C The company paid $16,000$ riyals to buy lands next to the university

It intends to use this land as a site to build the company's services office. The company conducted research for clients and received $7,000$ riyals from them. E The company paid SAR $300$ from the creditors account balance in transaction B$.$

Herzog paid $5,000$ riyals of her own money for the vacation. The company paid cash expenses for the office rent $(500$ riyals$)$

And service expenses $(200)$ riyals$).$

The company sold a quarter of the plot of land it owned for $5,000$ riyals. i The company announced dividends and paid them in cash in the amount of $2,000$ riyals.

Required:

$1-$ Analyze the previous transactions in light of their impact on the accounting equation, Herzog Research Limited.

$2-$ Prepare an income statement, a list of changes in equity, and a list

Financial position of Herzog Research Ltd$.$ at the end of July $2006$