XYZ Company is a service company. XYZ has the following balances at the start of January 2016: . . Share Capital $ 10,990 Retained Earnings $5,000 Accounts Receivable $ 2,000 Land $ 9,990 Accounts Payable $ 2,000 Cash $ 6,000 The following transactions took place during January: 5 January: Collected $ 6,030 Cash for services performed. 15 January: Collected $ 1,990 cash from the Accounts Receivable. 20 January: Paid $ 1,990 cash to the accounts payable. 31 January: Collected $ 6,030 Cash in advance for services to be performed over the 2 months February and March 2016. 31 January: Paid $ 6,020 cash rent for January. 31 January: Paid $ 12,040 cash rent in advance for 2 months February and March 2016. Required: Show ALL Calculations 1- Calculate the balance of Accounts Receivable at end of January 2016. 2- Calculate the balance of Accounts Payable at the end of January 2016 3. Calculate the Net Income at the end of January 2016 4. Calculate Total Equity at the end of January 2016 5. Calculate Total Liability at the end of January 2016 6. Calculate Total Assets at the end of January 2016