Below are transactions for a company some JWU professors started called A$+$ Tutoring Services. They have asked you to analyze the following summary transactions in the accounting equation sheet provided and prepare financial statements for them.

$1/1/2023$ Three professors invest a total of $$60,000$ in the business in exchange for

A$+$ Tutoring stock to start the company.

$2/1/2023$ The company took out a small business loan of $$40,000.$

$2/15/2023$ Office equipment purchased for $$50,000$ cash

$2/20/2023$ The company also bought workbooks and office supplies for $$35,000$ on account

$4/23/2023$ Hung up flyers around the area college campuses

$5/31/2023$ Received $$45,000$ for tutoring area high school students

$06/30/2023$ Provided $$55,000$ of tutoring services at area high schools and bill the towns

$7/31/2023$ Customers send in payments of $$25,000$ to apply to their accounts

$9/30/2023$ The company made payments of $$15,000$ on account to vendors for prior purchases.

$12/31/2023$ The company paid the following expenses:

Rent $$24,000$

Payroll $$36,000$

Advertising $$2000$

$12/31/2023$ Recorded $$4,000$ depreciation expense on the building and new equipment

$12/31/2023$ A$+$ Tutoring used $$20,000$ of supplies during the year.

$12/31/2023$ After a successful first year of business, they pay themselves dividends of $$3,000$