Basic Transactions and Financial Statement Preparation Problem Carol Baskin established Big Cat Rescue Incorporated on July 1, 2022 and completed the following transactions during July. a. Opened a business bank account in the name of Big Cat Rescue Incorporated, with a deposit of $30,000 in exchange for common stock b. Borrowed $50,000 from First National Bank c. Performed services for customers and received $15,000 d. Paid rent on office for the month, $2,500 e. Paid repair expenses for the month, $1,250 f. Paid utilties expenses of $500 g. Paid office salaries, $3,250 h. Purchased land as a future building site, $60,000 i. Paid dividends, $1,500 Instructions: On notebook paper complete the following tasks: 1. Record each transaction (just like we've done in class) 2. From your recorded transaction totals, prepare an Income Statement for July 3. Prepare a Statement of Stockholder's Equity for July 4. Prepare a Balance Sheet for July Note: Don't forget the 3-line heading for each financial statement