Transaction: Where can you go to find each of your answers? December 1 Kitchen Solutions receives $78,000 cash from James Drake in exchange for common stock December 2-Pays $4,900 cash for supplies. December 3-Pays $62,000 cash for equipment Net Income Total Assets Total Liabilities Total Equity Income Balance sheet Balance sheet Balance sheet statement $ 0 78,000 $ 0 $ 78,000 0 78,000 0 78,000 0 78,000 10 78,000 December 4-Purchases $10,750 of supplies on credit from a supplier. 0 6.600 December 5- Provides consulting services and immediately collects $6,600 cash. December 6-Pays $3,400 cash for December rent December 7-Pays $1,900 cash for employee salary December 8 Provides consulting services of $5,300 and rents its test facilities for $4,000. The customer is billed $9,300 for these services, December 9-Receives $9,300 cash from the client billed on December 8. December 10-Pays CalTech Supply $3,300 cash toward the payable from December 4 December 11-Kitchen Solutions pays $1,800 cash for dividends. December 12-Receives $4,600 cash in advance of providing consulting services to a customer December 13-Pays $4,800 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. December 14-Pays $2,520 cash for supplies December 15-Pays $2,705 cash for December utilities expense December 16-Pays $1,900 cash in employee salary for work performed in the latter part of December 3,200 1.300 10,600 10,600 10.600 10,600