Using the following transactions, calculate (A) net income for the period, as well as the ending balances of (B) total assets, (C) total liabilities, and (D) Cash. For part d, indicate whether the balance is debit or credit. a. Opened business by investing $36,000 in cash.

b. Paid one year's insurance in advance, $2,400.

c. Billed customers for services rendered, $6,000.

d. Received utility bill, to be paid next month, $400.

e. Received $800 in advance of performing a service.

f. Received $4,400 from customers billed in c.

g. Paid $300 on the utility bill of d.

h. Withdrawals of $2,000 were made by the owner.