Larry Power started a new business in the name of Power Electrical on October $1,2023.$ During October, a number of activities occurred and the following totals resulted at October $31,2023($shown in accounting equation format$)$:

During November, the following occurred:

Nov. $1$ Rented office space and paid cash for the month's rent of $$7,300.$

$3$ Purchased electrical equipment for $$19,000$ from an electrician who was going out of business, by using $$10,500$ in personal funds and agreeing to pay the balance in $30$ days.

$6$ Completed electrical work and immeding $$1,900$ cash.

$8$ Purchased $$5,300$ of office equipment on credit. $$2,100$ for doing the work.

$15$ Completed electrical work on credit on credit.

$16$ Interviewed and hired a part$-$time electrician who will $18$ in three weeks.

$24$ Billed a client $$4,850$ for electrical $28$ for

$30$ Paid the office assistant's salary of $$4,500.$

$30$ Paid the monthly utility bills of $$3,700.$

$30$ Power withdrew $$1,500$ from the business for personal use.

The following table shows the effects of each November activity on the items in the equation.

$\backslash$table$[[$Bal$.,,$Cash,,Office,Office,,,,$],[\backslash$table$[[$Oct$.31],[$Nov$.1]],\backslash$table$[[$$$31,000$

$2.$ Using the above information, prepare a statement of changes in equity

$3.$ Using the above Information, prepare a balance sheet