2. Lindsay Acker, CPA, opened an accounting consulting practice on January 1, 2022. During the first month of operations, the following transactions occurred. 1. Performed services for customers with terms net 60. At January 31, 3,750 of such services was performed but not yet billed. 2. Utility expenses incurred but not paid prior to January 31 totaled 1,220. 3. Purchased computer and networking equipment on January 1 for 40,000, paying 20,000 in cash and signing a 20,000, 3-year note payable. The equipment depreciates 800 per month. Interest is 200 per month. 4. Purchased a one-year insurance policy on January 1 for 18,000. 5. Purchased 1,800 of supplies. On January 31, determined that 850 of supplies were on hand.