Dr. Willow Beard opened a medical practice specializing in physical therapy. During the first month of operation (January), the tusiness, titled Dr. Willow Beard, Professional Corporation (PC). experienced the following events (1) (Clikk the icon to view the everts) Read the cegurements Requirement 1. Analyze the efects of these events on the accounting equation of the medcal pracice of Dr. Wilow Beand PC. Degin with the fost varsactoo on January 6 . Wuse paewheses of a minus sign when decreating accounts If an ingut feid is not used in the fable leave the fulle emply do not enfer a zero. Enter the tramactoons a the same eidor as they appear in the ofyonal but) Jan 6 Beard invested $147,000 in the business, which in turn issued its common stock to her. Jan 9 The business paid cash for land costing $57,000. Beard plans to build an office building on the land. Jan 12 The business purchased medical supplies for $2,100 on account. Jan 15 Dr. Willow Beard, P.C., officially opened for business. Jan 15-31 During the rest of the month, Beard treated patients and earned service revenue of $9.500, receiving cash for half the revenue earned. Jan 15-31 The business paid cash expenses: employee salaries, $3,300; office rent, $1,100; utilities, $500. (Record the cash amount as a total and identify and record any other amounts separately.) Jan 31 The business sold supplies to another physician for cost of $900 and received cash. Jan 31 The business borrowed $32.000. signing a note payable to the bank. Jan 31 The business paid $800 on account. 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Willow Beard, P.C. 2. After completing the analysis, answer these questions about the business. a. How much are total assets? b. How much does the business expect to collect from patients? c. How much does the business owe in total? d. How much of the business's assets does Beard really own? e. How much net income or net loss did the business experience during its first month of operations