Transaction Analysis and Financial Statements Blue Jay Delivery Service is incorporated on January 2 and enters into the following transactions during its first month of operations: January 2: Filed articles of incorporation with the state and issued 100,000 shares of capital stock. Cash of $100,000 is received from the new owners for the shares. January 3: Purchased a warehouse and land for 580,000 in cash. An appraiser values the land at $20,000 and the warehouse at $60,000. January 4: Signed a three-year promissory note at Third State Bank in the amount of $50,000. January 6: Purchased five new delivery trucks for a total of $45,000 in cash. January 31: Performed services on account that amounted to $15,900 during the month. Cash amounting to $7,490 was received from customers on account during the month. . January 31: Established an open account at a local service station at the beginning of the month. Purchases of gas and oil during January amounted to $3,230. Blue Jay has until the 10th of the following month to pay its bill. Required: 1. Complete the below table to summarize the preceding transactions as they affect the accounting equation. Ignore depreciation expense and interest expense. If an account is unaffected by a transaction, enter "0". Use the minus sign to indicate decreases. Blue Jay Delivery Service Transactions for the Month of January Assets Liabilities Stockholders' Equity Accounts Retained Date Cash Trucks Warehouse Land Accounts Payable Notes Payable Capital Stock Receivable Earnings $ S $ January 2 10,000 x 10,000 x January 3 -80,000 20,000 S S S Balance $ 10,000 X 20,000 20,000 January 4 50,000 50,000 S S S Balance $ 10,000 x 70,000 20,000 50,000 January 6 -45,000 Balance $ 10,000 x 25,000 20,000 50,000 January 31- Revenue 25,000 X 15,900 15,900 Balance $ 7,490 X $ 10,000 X 15,900 20,000 50,000 15,900 January 31- Payment received 32,490 x -7,490 S Balance 10 101 8,410 20,000 50,000 10,000 X 1.00. January 31- Gas & oil 3,230 S S S $ Balance 32.490 S 8,410 32,490 20,000 3,230 50,000 10,000 X Total Assets: Total Liabilities and Stockholders' Equity: $ 112,670 X 165,900