The following are the December transactions for Zion Company: December 1-Signed a loan for $30.000 December 2- Stockholders invested $50,000 in Zion Co. December 5 - Paid $750 to the bank on a loan and paid S450 in interest. December 11- Paid a $375 utility bill that was received and recorded in November December 12 - Purchased S180 of office supplies on account. December 18-Provided services to a client for S2.200. December 27 - Received a utilities bill for $585 for utilities used during December that is due in March. December 28 - Paid cash dividends of S100 to stockholders. December 30-Paid for office supplies purchased on December 12. a. Write each of the accounts affected by each transaction and how they are affected. [cash (current asset) decreased $500: supplies (current asset) increased S500] (or use the accounting equation template) b. Prepare an income statement, statement of retained earnings & balance sheet for December. (Financial statements are created for all transactions for the entire fiscal year.)