the following events concern anita letourneau, a manitoba law school graduate, for march2017: 1. on march4, she spent $20 on a lottery ticket. 2. on march7, she won $250000 in the lottery and immediately qit her job as a junior lawyer 3. on march10, she decided to open her own law practices and deposited $50000 of her winning a business chequing account, le tourneau legal services. 4. on march14,she purchased a new luxuary condonminium with a down payment of $150000from her personal funds plus a home mortgage of $200000 5.on march15, anita signed a rental agreement for her law office space for $2500 a month, starting march15. she paid the first month's rent, as it is due on the 15 gth of each month 6. on march19, she hired a receptionist. he will be paid $500 a week and will begin working on march24. 7. on march 20, she purchased equipment for her law practices from a company that had just declared bankruptcy. the equipment was worth at least$15000 but anita was able to buy it only $10000 8. on march21, she purchased $400 of supplies on account. 9. on march24, she purchased an additional $6500 of equipment for her law practice for $300 plus a $3500 note payable due in six months. 10. on march31, she performed $3500 of legal services on account. 11. on march31, she recieved $2500 cash for legal services on account. 12. on march31, she paid her receptionist $500 for the week. 13. on march31, she paid $400 for the supplies purchased on account on march21.

a. prepare a tabular analysis of the effects of the above transactions on the accounting equation.

b. calculate profit and owner's equity for the month ended march 31

c. prepare a balance sheet at march31.