Assignment: Lopez Consulting Bella Lopez started Lopez Consulting, a new business, and completed the following transactions during its first year of operations: a. B. Lopez invests $70,000 cash and office equipment valued at $10,000. b. The company purchased a $150,000 building to use as an office. Lopez paid $20,000 in cash and signed a note payable promising to pay the $130,000 balance over the next ten years. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $2,800 for the service. g. The company designed a financial plan for another client and immediately collected an $4,000 cash fee. h. The company received $1,800 cash as partial payment from the client described in transaction f. i. The company made a partial payment of $700 cash on the equipment purchased in transaction d. j. The company paid $1,800 cash for the office secretary's wages for this period. Instructions 1. Complete the table below with the above transactions. 2. Once you have completed the table, determine the company's net income. Cash + Accounts Office Office Building Receivable Supplies Equipment Accounts Payable + Notes Payable Owner's Revenue Expenses Equity + + Balances $ Net Income