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Karla Tanner opens a web consulting business called Linkworks and completes the following transactions in its first month of operations. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the joumal entries recorded. April 1 Tanner invested $80,000 cash along with office equipment valued at $26, eeo in the company in exchange if for coeson stock. April 2 The company prepoid 89,000 cash for 12 nonths' rent for office space. The company's pollay is to fectoed pripaid expenses in balance sheet accounts. Apri1 3 The company mode credit purchases for $5,000 in office equipent and $3,600 in office supplies. Payment is due aithin 10 days. Apr11 6 The company completed services for a client aod innediately recelved 54,000 cash. Apri1 9 The company completed a $6,000 project for a client, who must pay aithin 30 days. Apri1 23 the company pald $11,600 cash to settle the account payable created on Apri1 3 . Apri1 19 The company paid $2, 400 cash for the prenium on a 12 -ponth prepald insurance policy. The conpany 5 policy is to isecord Apeil 22 prepaid expenses in balance sheet accounts. April 22. The compony received $4,400 cash as partial payment for the work conpleted on Aor11 9. Apri1 25 The company completed work for another client for $2,390 on credit. Aprll 25 The company paid 55,500 cash in dividends. April 29 The company purchased s600 of additional office supplies on credit. April 30 the company paid s4as cash for this month's velility bill. The financial statements report the cumulative impact of all transactions recorded as of the finandal statement date. Input the cumulative omount of a) Net Income (Loss), b) Total Assets, c) Total tiabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tob.) The first two transactions are completed for yout The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by sefecting the date on the trial balance tab.) The first two transactions are completed for you