Wanna Be Rich Trading, owned by Richie Richer, sells casual wear for both men and women. He ended trading on December 31,2021 with the following assets and liabilities: During the month of January 2022, the following transactions occurred: Jan 1 Rented premises for $50,000 per month. Wanna Be Rich Trading paid $150,000 for the first quarter to March 31,2022 by cheque. Jan 2 Purchased inventory work $80,000 on credit from Already Rich Ltd. Jan 2 Sold a quarter of the inventory for $40,000 cash, funds lodged immediately Jan 7 Paid cheque to Already Rich Ltd for half the goods purchased on Jan. 2 . Jan 8 Paid insurance for Jan $7,500 by cheque Jan 14 Sold the remaining inventory for credit as follows: Wanna Be Rich Trading, owned by Richie Richer, sells casual wear for both men and women. He ended trading on December 31,2021 with the following assets and liabilities: During the month of January 2022, the following transactions occurred: Jan 1 Rented premises for $50,000 per month. Wanna Be Rich Trading paid $150,000 for the first quarter to March 31,2022 by cheque. Jan 2 Purchased inventory work $80,000 on credit from Already Rich Ltd. Jan 2 Sold a quarter of the inventory for $40,000 cash, funds lodged immediately Jan 7 Paid cheque to Already Rich Ltd for half the goods purchased on Jan. 2 . Jan 8 Paid insurance for Jan $7,500 by cheque Jan 14 Sold the remaining inventory for credit as follows