Please record the financial transactions (provided in the worksheet below) incurred in the Concern for Animal Shelter and Habitats (CASH) using the transaction worksheet and then use the ending balance to prepare a balance sheet for CASH. (2pts; 1.5 pts for transaction recording & 0.5 for balance sheet).

CASHStatement of Financial Positionas of the End of the First Month 2020Assets Current assets Cash Supplies Total current assets$0 Long-term assets Office Equipment Office Sign Total long-term assets$0 Total Assets $0 Liabilities & Net Assets Liabilities Short-term liabilities Accounts payable Total short-term liabilities$0 Long-term liabilities Loan payable Total long-term liabilities$0 Total Liabilities$0 Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets$0 Liabilities and Net Assets$0 CASH Transaction Worksheet Martha Engel started up a new nonprofit organization named Concern for Animal Shelter and Habitats (CASH). The organization places homelesss animals in permanent homes. Because CASH is a new organization, the opening balances for all accounts are $0. Transactions during the first month of operations were as follows: Assets=Liabilities and Net Assets LiabilitiesNet Assets WithoutWith Office AccountsLoanDonorDonor CashSuppliesEquipmentOffice SignPayablePayableRestrictionsRestrictions 1 - CASH borrowed $50,000 from a local bank. No interest is due on the loan during the first month, and the principal does not have to be paid back for 2 years.Beginning Balance$0 $0 $0 $0 $0 $0 $0 $0 Transaction # 1 2 - CASH signed a contract with a local carpenter to build a fence to enclose the back yard. The carpenter charges $250 per hour and expects the fence to take 10 hours to complete. He expects to begin work next month. (Hint: should this transaction be recorded as any assets or liabilities?)Transaction # 2 Transaction # 3 Transaction # 4 3 - CASH bought 50 bags of dog food and 25 bags of cat food. Dog food costs $20 per bag, while cat food costs $30 per bag. The pet food was bought on credit (i.e., CASH has not yet paid for the supplies).Transaction # 5 Ending Balance (first month of 2020) 4 - CASH bought a sign to hang in front of its building. The sign cost $5,000 and CASH paid for it when it was received. 5 - CASH purchased and received an office computer, server, printer, and copier. The total cost of the equipment was $10,000, half of which was paid and the other half was still owed