The business you are doing the accounting for is Mary Browns Chicken Inc. (MBC). MBC is a restaurant located in Regina. Analyze the following events and prepare any applicable journal entry that is required: 1) Jan 1 - Issued 10,000 shares in total to 2 different shareholders. The shareholders paid $2 per share. 2) Jan 2 - Paid $12,000 of cash to a landlord for their lease. Rent was for the month of Jan 2024. 3) Jan 2 - Received a bank loan of $300,000 from Royal Bank of Canada. 4) Jan 3 - Paid $160,000 of cash to purchase equipment for the restaurant. 5) Jan 3 - Paid $110,000 of cash to renovate the restaurant space they are leasing. 6) Jan 3 - Paid $1,000 to lease additional kitchen equipment for the restaurant for the month of Jan 2024. 7) Jan 4 - Was invoiced $3,000 for advertising by FreshView Marketing. This digital advertising will take place over the month of Jan 2024. 8) Jan 7 - Purchased $31,000 of inventory from Tyson Foods Inc. The inventory purchased was as follows: MBC paid for all the food on account (at a time in the future). MBC paid for all the bottle drinks with cash. Type Units Cost per Unit Total (Units / Bottles) ($) ($) Food - Sides 4,000 2.00 8,000 Food - Meat 3,000 7.00 21,000 Bottled Drinks 2,000 1.00 2,000 Total 31,000 Inventory - Purchased Business Administration 285 Assignment #1 Fall 2023 3 9) Jan 8 to 28 - Over the month of Jan MBC sold the following food and drink. All cash related to these sales was received. 10)Jan 29 - Paid $20,000 of cash to Tyson Foods Inc. 11)Jan 29 - Paid $15,000 in cash for wages to its employees. 12)Jan 29 - Paid $3,000 of cash to FreshView Marketing. 13)Jan 30 - Paid $4,000 of cash to its shareholders via dividends. 14) Feb 1 - MBC sold $1,000 of giftcards to customer. These giftcards can be used to purchase products from MBC. 15) Feb 1 - MBC wanted to get insurance for its operations. On Feb 1 they paid $6,000 for insurance that covers the following months: NOTE: Only do the entries for the dates given above. Do not create statements for Year-End Dec 31, 2024.instead you are creating them for the period ending Feb 1, 2024