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4. Jain opens her consultancy office on December1, 2021. During the first month of operations, the following transactions occurred: 1. Jain invested $20,000 in cash in the consultancy office. 2. Paid $1000 for December rent on office space. 3. Purchased machinery on account $5,000. 4. Performed consultancy services to clients for cash $2,500. 5. Paid $1000 on account payable created in transaction 3. 6. Performed consultancy services for client on account $4,500. 7. Paid utility expenses $500. 8. Jain withdrew $1,000 cash for personal use.