Transactions made by Ingler and Co., a consulting fi rm, for the month of March are shown below.
1. The company performed $35,000 of services for customers, on credit.
2. The company received $15,000 in cash from customers who had been billed for services [in Transaction (1)].
3. The company received a bill for $5,400 of advertising but will not pay it until a later date.
4. Ms. Ingler withdrew $2,200 cash from the business for personal use.

Instructions
Prepare a tabular summary, which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 2.20.