Table 1 shows the current balance sheet of the architect EM on March 31, 2021. During April, 2021, the following event occurred: Table 1 Liabilities and Owner's Equity 1720 Accounts Payable 5400 Assets Cash Accounts receivable Supplies 3240 Retained Capital 23660 Land 24100 Total Assets 29060 Liabilities and Owner's Equity 29060 a. EM received $12,000 as a gift and deposited the cash in the business bank account. b. EM paid off the beginning balance of accounts payable C. EM performed services for a client and received cash of $1,100 d. EM collected cash from a customer on account, $750 e. EM purchased supplies on account, $720 f. EM consulted on the interior design of a major office building and billed the client for services rendered, $5,000 g. Em invested personal cash $1,700 in the business h. EM paid office rent, $1,200 I. EM paid advertising, $600 j. EM sold supplies to another interior designer for $80 cash, which was the cost of the supplies K. EM withdrew cash of $4,000 for personal use 1.Use the double entry system to analyze the above financial events (10%) 2.Generate the income statement on April, 2021 (5%) 3.Generate the balance sheet at April 30, 2021 (5%)