Sydney Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new accountant. The below transactions for April 2020 are provided: A. AReceived contributions from five investors of $60000 in cash ($1200 each), a barn valued at $100000 and land valued at $90000, each investor received 3000 shares. B. Built a small barn for $62000. The company paid half the amount in cash on April 1,2020, and signed a three year not payable for the balance. C. Provided animal care services to customers, all on credit,for $35260. D. Rented stables to customers who cared for their own animals and received cash payment of $13,200. E. Received from a customer $2,400 to board her horse in April, Mya,and June (record as deferred revenue). F. Purchased hay and feed supplies on account for $3180 to be used in the summer. G. Paid $1240 in cash for water utilities expenses incurred in the month. H. Paid $2700 on accounts payable for previous purchases. I. Received $10000 from customers on accounts receivable. J. Paid $6000 in wages to employees who worked during the month K. Purchased a one year insurance policy for $3600 at the end of the month. L. Received an electric utility bill for $1800 for usage in April; the bill will be paid in May. M. Paid $500 cash dividend to each of the investors at the end of the month. You must complete the following tasks below for the month of April in the Excel workbook provided. Required: Part 1. Prepare a journal entry to record each transaction. You must provide a short explanation for each transaction. Part 2. Setup appropriate T-accounts. All accounts begin with 0 balances. Part 3. Record in the T-accounts the effects of each transaction for Sydney Stables in April, referencing each transaction in the accounts with the transaction letter. Show the ending balances in the T-accounts. Part 4. Prepare a trial balance. Part 5. Prepare a statement of earnings, a statement of shareholders equity and a statement of financial position for the month ended April 30, 2020