Project 7: Preparing a Statement of Account Pleaseprepare a Statement of Account for your client, Sylvester Catt. Complete the portion below for the disbursement costs. . Name: METRO LAW OFFICE . Address: 156 - 17th Avenue SW, Calgary, AB, T7NB 4G6 . Phone: (403) 259- 2500 . Fax: (403) 259 - 2501 . E-mail: kelly@metrolawoffice.ca Sylvester Catt's address is 56 Midvalley Crescent SE, Calgary, AB, T2Y 9N6. TASK: Complete this portion Disbursement Costs . Letter = $0.65 per page x 15 letters = Fax = $0.50 per page x 7 letters . Regular Mail = $1.50 per letter x 5 letters . Courier = $14.25 per letter x 7 letters = . Court Search = $14.00 = $14.00 Search at Registry = $25.00 = $25.00Photocopies = $18.46 = $18.46 . Add GST (5%) Activities . Correspondence Letters o 19 letters TOTAL TOTAL . 5 letters by Regular Mail . 7 letters FAXED to Bilbo Law Office . 7 letters COURIERED to Bilbo Law Office . Pleadings o In preparation of drafting a Statement of Claim 3 hours x $150.00 per hour = $450.00 o In preparation and filing of Statement of Claim . Filing Fee: $200.00 = $200.00 o In preparation of drafting 3 Affidavits 1 hour x $150.00 per hour $150.00 o In preparation of filing 3 Affidavits . Cost of Travel = $20.00 o In preparation of drafting and filing a Reply Cost (1 hour) $150.00 o Commissioning Affidavits - Cost $40.00 . Medical Reports o Requesting medical report from Dr. Hillary Tom from Calgary South Health Care Clinic (February 4, 2014) o Fee for Request: $35.00 = $35.00 . Legal Researcho Photocopying documents from Alberta Law Library = $15.25 o 3 hours of research x $150.00 per hour 11 $450.00 GST (5%) for all services TOTALProject 8: Trust Accounting Balance Facts Your new client, Freedom Williams, has hired your firm, Bonafide Law Office, on a corporate litigation matter. He signed the retainer agreement with your boss, Spooky Adams, on June 23, 2020. The cost of his matter is the hourly rate of Spooky, which is at $100.00 per hour. There is no fixed fee for this office. All legal costs are done on an hourly basis. On that same day, Freedom gave you $500.00 cash to start the file. On the following week, Spooky had you draft some litigation documents, mail and courier some documents, and draft some corresponding letters. For these reasons, Spooky asked you to update the Statement of Account on Freedom's file. Assume that 5% GST is included in the legal fees. Here are some relevant dates: July 27, 2020: Spooky asks you to draft a Statement of Claim. 2 hours were spent on this document July 30, 2020: Spooky asks you to draft a letter to the Defendant (at this point is representing himself) and he will review the Statement of Claim. 2 hours were spent on these activities. August 1, 2020: Freedom brings another $700.00 cash August 3, 2020: You receive a letter from Bobo Law Office indicating that the opposing party is now being represented by a lawyer. Spooky asks you to draft a letter to Freedom's home address, confirming that the named Defendant has a lawyer, and he will review the file. 3 hours work done. August 12, 2020: Spooky files the Statement of Claim at the Courthouse, and serves it at the Defendant's lawyer's office. You mail a letter to Freedom to pay more money on his matter. 2 hours word done.August 15, 2020: Received and reviewed letter from Bobo Law Office. Reviewed file. 3 hours work done. September 1, 2020: Freedom brings $850.00 cash to your office. September 10, 2020: Spooky attends court on this matter. 3 hours done. September 20, 2020: Freedom brings $850.00 cash to your office. September 21, 2020: Freedom has interview with Spooky. 2 hours done. September 25, 2020: Freedom brings $400.00 cash to your office. September 27, 2020: Conference Call with Bobo in Dubai. 3.5 hours done. September 30, 2020: Freedom brings $480.85 cash to your office. Questions 1. What would you do with the cash that Freedom gives you each time he visits the office? Explain how you would accept the money, and what following steps should be followed to ensure that the money is properly handled. (5 marks) 2. Please fill out the TRUST LEDGER on the next page to monitor your trust balance using the above information. The first two lines are done for you. Please complete the rest of the rows and columns. Please enter the DATE on which the activity took place; the DESCRIPTION deals the nature of the activity (e.g. deposited cash); FUNDS REC'D refers to money received at the office; FUNDS PAID refers to money to the law firm (or lawyer) - assume that you will pay the firm (and its employees); CHQ NO. refers to the cheque that you will issue to pay the lawyer (just use 1, 2, 3, etc; TRUST BALANCE refers to the current account balance.(15 marks) HINTS Your FUNDS RECEIVED column means that money is coming IN . Your FUNDS PAID column means that money is going OUT Your TRUST BALANCE column represents the difference between the FUNDS RECEIVED and FUNDS PAID columnsPLEASE COMPLETE THE BLUE SHADED PORTION BELOW. TRUST LEDGER DATE DESCRIPTION FUNDS FUNDS CHQ NO. TRUST REC'D PAID (trust BALANCE account) July 23, Deposit $500.00 $500.00 2020 July 27, Draft $200.00 $300.00 2020 Statement of Claim