[The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1,2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company's new merchandising octivities. Its transactions for January through March follow. Jahusty I The compsay paid cash to Lyn Addie for flve dayn' vork at the rate of 3125 per day. Four of the tive dayn relnte to vages payable that vere acerued in the prlor yoar. ohipping point, involce dated Janvery 7. Janwary ? The company received $2,376 cash froe Comex Conpany an ful1 paynent on its acoount. January 11 the eonpany eonpleted a five-day projnet for Alex's Rngineering Coepany and bitied it 55 , 100 , Which in the total price of 56,900 lens the advance paytant of 51,500 . The coepany debitad Usearned Coeputer fietricen Revenue for 31,500 . Jahanry 13 The company noid merchandine with a retail value of 14,000 and a east of 33,310 to tito Corporstion, invoien dated janoary 13. 3enuary is the eospany paid s690 eash for freight eharges on the merehandise purchased on January. T. Sanuary 16 the coopany recelved 34,030 eash fron belta Cospany for eoepruter servicen provided. aceosente receivable for thet ansunt. January 22 The doepany received the halance due frue hifu Corporation, net of the discoant and the allovance. January 17 The compary paid Kanan Corporation for the invoice dated January 7 , fet of the discoent. January 20 The company qave a price redvetion (a11owance) of $500 to filu Corporacion and eredited bilu' accounts receivable for that amount. January 22 The eompany roceived the balanee due fron tiu corporatiod, net of the diecount and the allokance. Jaary 24 The coepany returned defective harehandine to Kansas Corporation and accepted a credit agalnat tuture porohason (debited accoant.n payable). The defective merchandise Involce cost, net of the diecount, was $496 Janaary 26 The conpany parchased $10,000 of trorohasdine fron Rantas Corporation with torns of I/10, n/ 30 , Fos destination, involce dated Jandary 26. January 26 The conpany nold merchandise with o $4,570cost for $5,390 on erndit to xC, Ineorporated, involce dated January 26 , January 31 The coepany paid cash to hyn Addie tor 10 days' work at 5125 per day. Tebruary 1 The cotpany paid 32,565 canh to Milside Mall for atiother ehree sontha' rent in advance. Tebruaty 3 The company paid Kansas corporation for the balance due, net of tbe cath discotant, leas tie s4p. orndit tron morohandise retarned on Januaty 24 , Tebruary 5 The company paid 5460 cash to Facebook for an adyertisenent to appear on February 5 only. Tebruary 11 The company recelved the balance due from Alex's Fingineering corpany for foed bliled on Jantacy Tebruary 15 D. Sey vithdrev 44,730 cabh fron the company for peraonal ese. Teluruary 23 The conpany sold merebadise with a $2,600 cost for $3,330 on oredit to pelta Company, involce dhted Febroary 21 . Tebruaty 26 The cocpany paid cosh to tya Asdie for elght days' work at \$125 per day. recorded the reiabareeneat as "Mileage Exponse." Karch o The coepary porchaned $2,410 of conputer supplies from Hartis office prefducti on oredit with terms of n/30, Fob dentination, involce dated March B. Mhrch 9 The eospasy received the balasce due from Delea Company for nerohandisa told on tebruary 23. March 11 The company paid se60 canh for minor repairn to the coapally's canputer. March 16 The company recelved 55,350 cash troa Drean, Incorporated, for conputing services provided. created on becenbex 15 (of $1,260) and March 8 . Mareh 24 the eoepany billed tasy Lensing for 54,067 of conputing services provided. Mereh 25 the eopany bold merchandine with a 52,012 cost for $2,940 on eredit to mitdeat 5ervices, involce deted Karch 25 . dated Mareb 30. March 31 Tbe ecepany reinburced Bastana Mey 3120 casb for buainest autonoblite alleage. The conpany. recorthet the reinbutseeent as "Milieage Frpetise." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,135. b. Prepaid Insurance coverage of $627 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day. d. Prepaid rent of $2,565 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,230. 1. Depreciation on the office equipment for January 1 through March 31 is $390. g. The March 31 amount of merchandise inventory still available totals $674. 5. Prepare a statement of owner's equity (from the adjusted trial balance in part 3) for the three months ended March 31,2022