Tom Power started a sole proprietorship (business) called Twillingate Co. The following transactions occurred:

Tom Power started a sole proprietorship (business) called Twillingate Co. The following transactions occurred: a. Tom Power, the owner of Twillingate Co., invested $40,000 cash and office equipment worth $35,000 into the business. b. Twillingate Co. paid the monthly utilities bill of $1,600. c. Twillingate Co. provided $19,500 of consulting services for a customer who paid with cash. d. Twillingate Co purchased $1,500 of office supplies on credit. e. Twillingate Co. performed $28,500 of consulting services for a customer who promised to pay within 30 days. f. Twillingate Co paid the assistant's salary of $3,000. g. Twillingate Co. received a $12,000 partial payment for the services provided in (e). h. $2,000 was withdrawn from Twillingate Co by Tom Power, the owner. i. Twillingate Co. purchased a $85,000 building by using $20,000 cash from the business account and signing a note with the bank for the balance. | j. Twillingate Co paid $900 towards the purchase in (d). Required On the tabular analysis form provided, record the above transactions. Use additions and subtractions signs to show the transactions effects on the elements of the accounting equation. Show new totals after each transaction. Determine the final total for each item and verify that the equation is in balance