The company started its operations on April $1,2024,$ and Aaron and another investor initially put down $$50,000$ into the company and $5,000$ common shares were issued to each of them. MM leased an office space in Downtown Kamloops for an initial lease period of $2$ years starting April $1,2024.$ Annual rent is $$24,000$ and current lease will expire on March $31,2026.$ We paid the rent for first year of lease upfront. Company also purchased desks, chair, and Apple MacBooks on April $1,2024.$ Desk and chairs costing $$20,000$ were bought on account and the seller said they will be good for at least $5$ years and there is no residual value. I am not sure what residual value means but I am sure you do$.$ Payment was made a month later. MacBooks cost $$12,000$ in total, and Aaron anticipates we$$ll have to update to a newer version of these MacBooks after $3-$years as these will become obsolete by then. MacBooks were purchased on cash. Utilities are all paid up except December which is due on January $8$th$.$ I make sure payment is made on the due date. I counted the amount on all bills up until November and in total we paid $$1,500$ for utility bills. December bill amount is $$250.$ Salaries expense per month is $$7,000$ and half of the December salaries $-$ $$3,500,$ will be paid tomorrow. Remaining half has already been paid in December. We also bought some office supplies at the beginning of the operations this year, and it cost us $$2,000$ at the time. I know because I was the one who paid the bill later next month. However, I returned $$500$ worth of supplies in October as we figured we were never going to use them and got a refund from the seller. Anyways, I needed a new notebook and when I checked yesterday, I found out we are out of all supplies. I have placed a new order for another $$2,000$ worth of supplies on account today and they will be delivered on January $5$th$,2025.$ Oh$,$ and before I forget, this bill from Radio Kamloops has been sitting with me for a while. The bill is for a marketing campaign we ran for the month of October $2024,$ and they sent us a bill for $$1,000$ on November $1$st$.$ I will make sure it gets paid tomorrow. I will send them an e$-$transfer.$$ Next you meet with Sales Head and the notes from the conversation are below: $$We are making great progress in selling our services and so far, we have sold our services and completed work for $5$ businesses in Thompson Nicola region till December $31$st$,2024.$ Each contract was worth $$10,000.$ All business paid in full by Dec $31$st except for one which still owes us the $$10,000$ and has promised to pay by the end of January $2025.$ We also received $$30,000$ upfront payment on December $1$st from a business in Kelowna for which work will begin in middle of January and last until June of $2025.$ Oh$,$ and how can I forget about our client in Vernon who paid us in October $$15,000$ for the work to be completed from November $2024$ to January $2024.$ We have completed the work that needed to be done for the months of November and December.$$ You head straight to your workplace after this and start crunching the numbers. Required: a$)$ Assume no initial or adjusting entries have been done since the operations began on April $1,2024,$ and provide all journal entries up until December $31,2024$ b$)$ Prepare a Statement of Income for the months April $$ December. $($You do not need to prepare a statement for each month. Just prepare one statement that covers the nine months from April to December$).$ c$)$ Prepare Statement of Retained Earnings for the months April $$ December. $($You do not need to prepare a statement for each month. Just prepare one statement that covers the nine months from April to December$).$ d$)$ Prepare a Statement of Financial Position as at December $31,2024.$