Q1 Presented below is the balance sheet for a Start-Up Company (Nicola Gerard Financial Services SA on April 1, 2022. NICOLA GERARD FIDUCIARY SERVICES SA Balance Sheet as of 01, April 2022 Cash Accounts receivable Land Building Equipment Total assets Assets Liabilities & Stockholders' Equity CHF 20,000 Liabilities: 31,000 Accounts payable 190,000 Total liabilities 225,000 Owners' equity: 35,000 Capital stock CHF 501,000 Total liabilities and owners' equity During the first few days of April 2022, the following transactions occurred: CHF 45,000 CHF 45,000 456,000 CHF 501,000 Jan 2 2 3 Equipment was purchased for CHF 38,000 on credit. The business collected CHF 16,000 of its accounts receivable and paid off CHF 23,000 of its accounts payable. The business borrowed CHF 60,000 from the bank, giving a note payable due in 90 days. 3 Additional capital stock was issued in exchange for CHF 27,000 cash. Instructions: Complete the following Balance Sheet for Nicola Gerad Fiduciary Services SA on 06 April 2022.