3. Transaction analysis and statement preparation. The transactions that follow relate toConservation Enterprises for October 20XX, the companys first month of activity.

10/1: Investments into the business totaled $35,000.

10/3: Performed $3,800 of services on account.10/10:

Acquired a small parcel of land for $6,000.

10/12:Received $600 cash from clients for services.

10/15: Paid $350 for advertising.

10/18: Acquired $9,000 of equipment by paying $7,000 down and agreeing to remit the balance owed within the next 2 weeks.

10/23: Received $1,900 from clients, who were billed previously on October 3.

10/24: Paid $1,000 on account for partial settlement from equipment purchased October 18.

10/28: Rented equipment for use on October 28. Total charges amounted to $75 on account .

10/31: Paid $1200 for October salaries.10/31: Processed a $1000 dividend to common stock holdersa.

Record each transaction in a journal utilizing T-accounts to serve as your ledgerb. Prepare an unadjusted trial balancec. Prepare an income statement, a statement of retained earnings, and a balance sheet.