Assets + Equipment $ 0 Land $ 0 Liabilities Notes Payable $ 0. = Beginning (a) Shareholders' Equity Contributed Capital $ 0 +12,000 +50,000 Cash $ 0 +12,000 +50,000 4,000 +4,000 -7,000 b) +12,000 +8,000 (c) (d) +4,000 (e) +7,000 +3,000 +3,000 A Ending $ $ I Required: 1. Write a brief explanation of transactions (a) through (f). Explain any assumptions that you made. 2. Compute the ending balance in each account and prepare a classified balance sheet for Cosy Comfort Furniture Company on January 7, 2017. 3. As of January 7, 2017, has most of the financing for Cosy Comfort's investments in assets come from liabilities or shareholders' equity? Check Figure: Ending Notes Payable balance = $65,000 Credit E2-9 Inferring Investing and Financing Transactions, and Preparing a Balance Sheet During its first week of operations, January 1 to 7, 2017, Cosy Comfort Furniture Company completed six transactions with the dollar effects indicated in the following schedule