Using the following information, create the Journal entries and prepare the Financial statements. Fields invested $143,000 cash along with office equipment valued at $36,500 in the company. The company prepaid $21,600 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. The company made credit purchases for $10,100 in office equipment and $5,700 in office supplies. Payment is due within 10 days.The company completed services for a client and immediately received $10,300 cash.The company completed a $16,500 project for a client, who must pay within 30 days. The company paid $15,800 cash to settle the account payable created on April 3. The company paid $7,440 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. The company received $9,900 cash as partial payment for the work completed on April 9. The company completed work for another client for $6,000 on credit. Fields withdrew $6,000 cash from the company for personal use. The company purchased $2,700 of additional office supplies on credit. The company paid $2,900 cash for this month's utility bill