Tibra Ali opens a dental practice. During the first month of operation $($March$),$ the practice titled Tibra Ali Dental Clinic Ltd$.,$ experienced the following events.

On March $6$ Ali invested $$50,000$ in the business, which in turn issued its common shares to him. On March $9$ The business paid cash for land costing $$30,000.$ Ali plans to build a professional services building on the land. On March $12$ the business purchased dental supplies for $$3000$ on account. On March $15,$ Tibra Ali Dental Clinic Ltd$.,$ officially opened for business. From $15-31$ March, during the rest of the month, Ali treated patients and earned service revenue of $$10,000$ receiving cash for half the revenue earned. From March $15-31,$ The practice paid cash expenses, employee salaries $$1,400,$ office rent $$1,000,$ and utilities $$300.$ On $31$ March, the practice used dental supplies at a cost of $$250($Hint: Some of the supplies purchased on March $12$ have been used up$).$ On March $31,$ the practice borrowed$$10,000$ signing a note payable to the bank. On March $31,$ the practice paid $$2,000$ on account to a supplier. Requirements are $1.$ Dr$.$ Ali has the following questions about his practice after the first month of operations. Provide him the answers. a$.$ What are the total assets of the practice. b$.$ How much is owing to the practice from patients. c$.$ How much does the practice owe in total? d$.$ How much of the practice's assets does Dr$.$ Ali have a claim to$?$ e$.$ How much net income did the practice earn? $2.$ Record the transactions in the journal of the Tibra Ali Dental Clinic Ltd$.,$ List the transactions by date, and give an explanation for each transaction. Do the Tbalance, balance sheet and for question e$,$ create an income statement.