This problem is based on the transactions for the Eco Build Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Dec. 1 on December 1, Nina Miller forns a consulting business, named Eco Build. Eco Build receives $56,000 cash from Nina Miller as an owner contribution Dec. 2 Eco Build pays $3,800 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Eco Build pays $40,000 cash for equipment. Dec. 4 Eco Build purchases $9,100 of supplies on credit from a supplier, CalTech Supply. Dec. 5 Eco Build provides consulting services and inmediately collects $5,500 cash. Dec. 6 ECO Build pays $2.30 cash for December rent. Dec. 7 Eco Build pays $2,000 cash for employee salary. Dec. 8 Eco Build provides consulting services of 53,100 and rents its test facilities for $1,300. The customer is billed $4,000 for these services. Dec. 9 Eco Build receives $4,900 cash from the client billed on December 8. Dec. 10 Eco Build pays CalTech Supply $2,200 cash as partial payment for its December 4 $9,100 purchase of supplies. Dec. 11 Nina Miller withdraws $700 cash from Eco Build for personal use. Dec. 12 Eco Build receives $3,500 cash in advance of providing consulting services to a customer. The company's policy is to record fees collected in advance in a balance sheet account. Dec. 13 Eco Build pays $3,700 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. Dec. 14 Eco Build pays 51,420 cash for supplies. Dec. 15 Eco Build pays $1,605 cash for December utilities expense. Dec. 16 Eco Build pays 51,350 cash in employee salary for work performed in the latter part of December Requirement General Journal Ledger Trial Balance Income Statement St Owners wners Equity Balance Sheet An Income statement reports the changes in equity attributable to the operation of the business during a specific time period. Revenues increase equity, and expenses decrease equity. Eco Build Income Statement For Month ended December 31, 2017 Revenues Consulting revenue Rental revenue Total revenues Expenses Salaries expense Rent exponse Utilities expense 3350 Total expenses Net income Net income or loss is transferred from the income statement to the