Practice Work 1 (USING EXCEL INDIVIDUALLY SUBMIT THE FOLLOWING QUESTIONS) You have to present the steps. A. With the following transactions post in the respective Asset, Liability, Capital, Expense and Income accounts 1. You receive the earnings of the shares of $ 1000. 2. Request a loan of $ 2000 from the bank and place it in the box 3. An invoice for direct materials of $ 600 is received. 4. The salary for the direct work week is paid for $ 250. 5. The electricity bill is received for $ 120. 6. You pay $ 240 of the bill of materials. 7. The electricity is paid. 8. A sale of $ 1500 is made and the customer is billed. 9. The client pays us $ 800 of the invoice. 10. You receive a bill for $ 100 from legal services. B. Prepare the Balance sheet based on these transactions. C. Prepare the Income Statement based on these transactions.