Required1. Prepare a table to summarize the preceding transactions as they affec

Required1. Prepare a table to summarize the preceding transactions as they affect the accounting equation. Ignore depreciation expense and interest expense. Use the format in Exhibit 3-1.2. Prepare an income statement for the month ended January 31 2010.3. Prepare a classified balance sheet at January 31 2010.4. Assume that you are considering buying stock in this company. Beginning with the transaction to record the purchase of the property on January 3 list any additional information you would like to have about each of the transactions during the remainder of the month.