Transaction: Where can you go to find each of your answers? December 1 - FastForward receives $30,000 cash from Chas Taylor in exchange for common stock. December 2- Pays $2,500 cash for supplies. December 3- Pays $26,000 cash for equipment. December 4 - Purchases $7,100 of supplies on credit from a supplier. December 5- Provides consulting services and immediately collects $4,200 cash. December 6 - Pays $1,000 cash for December rent. December 7- Pays $700 cash for employee salary. December 8 - Provides consulting services of $1,600 and rents its test facilities for $300. The customer is billed $1,900 for these services. December 9 - Receives $1,900 cash from the client billed on December 8. December 10 - Pays CalTech Supply $900 cash toward the payable from December 4. December 11 - FastForward pays $200 cash for dividends. December 12 - Receives $3,000 cash in advance of providing consulting services to a customer. December 13- Pays $2,400 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. December 14 - Pays $120 cash for supplies. December 15- Pays $305 cash for December utilities expense December 16 - Pays $700 cash in employee salary for work performed in the latter part of December. .. pe Net Income Income statement $ 0 0 $ 0 0 Total Assets 4,200 COOVITU Balance sheet Balance sheet 30,000 $ 30,000 30,000 37,100 41,300 40,300 39,600 41,500 Total Liabilities 41,500 0 0 0 7,100 7,100 7,100 7,100 7,100 7,100 6,200 6,200 9,200 9,200 9,200 9,200 9,200 Total Equity Balance sheet $ 30,000 30,000 30,000 30,000 34,200 33,200 32,500 34,400