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1. Using an equation analysis sheet analyze the following transactions for Carolyn Dietze, the owner of Nu-Look Dry Cleaning Company, located in Salmon Arm, BC. Do not calculate new balances after every transaction. Complete the totals row at the bottom of the equation analysis sheet and show that the equation still balances. Do not provide new balances after every transaction. Transactions A. Invested $10 000 cash in her business. B. Purchased dry cleaning equipment from Standard Cleaning Company at a cost of $6500 ($3500 cash was paid at the time of purchase and the balance was to be paid at a later date). C. Received $1600 cash for services rendered during the month. D. Gave $600 cash to the bank for the purpose of reducing a bank loan. E. Repaired dry cleaning equipment at a cost of $400. Paid cash. F. Sold land (which is included in the Land figure at a value of $8000) for $15 000 cash. G. Paid Standard Cleaning Company the balance of the amount owing of $3000. H. Performed a cleaning service for George Sillaby and charged him $35. He will pay later. 2. After completing the transactions, make sure the equation is still equal. Then prepare a new balance sheet for Nu-Look Dry Cleaning Company for January 31, 2021NuLook Dry Cleaning Company- Equation Andyals Sheet ASSETS LIABILITIES OWNER'S 1. Zero EQUITY A/R Bank A/P Standard C. Dietze. Cash G. Sillaby Land Building Equipment Loan Cleaning Capital Proof Beginning Balances 20 000 50 000 000 DE 7 000 10 000 97 000 Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 Totals o New Balances: $20 000 $ 0 $50 0DO $30 000 $7 000 $10 000 $97 000 o Summary: A L + OE