Jannik Sinner $,$ a skilled software developer and technology enthusiast, founded his own software consulting firm, One Solution, after gaining expertise through years of working in the tech industry. In January $2024,$ he undertook various business transactions. Below are the tasks related to these transactions: $$ Jan $1$: Invested $$250,000$ in his business account. $$ Jan $1$: Prepaid $$12,000$ in cash for next $12$ months' business insurance in advance. $$ Jan $1$: Purchased a laptop priced at $$30,000$ in cash. $$ Jan $1$: Made credit purchases of office furniture for $$36,000$ Jan $2$ purchased $$3,000$ office supplies in cash. $$ Jan $6$: Completed a data system analysis report for a client and received $$22,000$ payment in $$ cash. $$ Jan $10$: Paid the full amount of the account payable incurred from furniture purchase on Jan $1.$ Jan $19$: Received $$30,000$ in cash from the client for website development, which will be $$ completed and delivered next month. $$ Jan $20$: Completed a $$35,000$ mobile software development project for a client, who will pay $$ within $45$ days. $$ Jan $25$: Designed a database system for a client and the job was completed, $$17,500$ on credit. $$ Jan $22$: Received $$25,000$ as partial payment for the work completed on Jan $20$ mobile software $$ development. $$ Jan $31$: Paid employee salaries totaling $$40,000.$ Jan $31$: Withdrew $$8,000$ in cash from the business account for his vacation. $$ Jan $31$: Purchased $$2,000$ of additional office supplies on credit. $$ Jan $31$: Paid $$3,500$ for the month's rent, $$1,000$ for the utility bill, $$800$ for internet bill, and $$500$ cell phone bill.