Please solve Exercise 2

Thank you very much!!

Exercise 2 Toes Corp. is a footwear store located in South Padre Island. Below is its balance sheet, as of March 31: Assets 60,000 Liabilities plus Shareholders' Equity 60,000 Current Assets 60,000 Liabilities 15,000 Cash 20,000 Accounts Payable 15,000 Accounts Receivable 15,000 Shareholders' Equity 45,000 Inventory 25,000 Contributed Capital 45,000 The following transactions happened in the month of April: 1) Collects $10,000 cash from customers during April for merchandise sold and delivered in March. 2) Sells to customers, on account, merchandise with a selling price of 39,000. The merchandise cost the firm $22,000, when it purchased the items from its supplier last month. The firm has not yet paid the supplier for the merchandise. 3) Pays suppliers $12,000 during April for merchandise received by the firm from its suppliers and sold to customers during March. 4) Receives from suppliers during April merchandise that cost $47,000 and that the firm expects to pay for during May. The firm also expects to sell the merchandise in May for $78,000. 5) Receives $5,000 from customers for merchandise that the firm will deliver in May. Prepare the T-accounts for the month of April, including their ending balance. There is no need to prepare the income statement, record closing entries, or prepare the balance sheet