Transactions for Pops Company for 2011 were as follows:a. The owners started the

Transactions for Pops Company for 2011 were as follows:a. The owners started the business as a corporation by contributing $3000 cash in exchange for common stock.b. The company purchased office equipment for $8000 cash and land for $15000 cashc. The company earned a total of $22000 of revenue of which $16000 was collected in cash.d. The company purchased $890 worth of supplies for cashe. The company paid $6000 in cash for other opearating expensesf. At the end of the year the company owed employees $2480 for work that the employees had done in 2011. The next payday however is not until January 4 2012g. Only $175 worth of supplies was left at the end of the year.The office equipment was purchased on January 1 and is expected to last for 8 years ( straightline depreciation no salvage value)