You operate a sneaker store for 3 months from February to April out of your parent's garage. Post the business's transactions by entering either a positive or negative value in the appropriate yellow cells. Exercise 27 represents 36% of this Final Exam, with each answer valued at 1 point each. Hints: You purchase sneakers at $100 and after painting and bedazzling them you sell them for $200. You pay no taxes and Net Income = Change in Equity. Income Statement Cost of Revenues Revenues SG&A Balance Sheet Accounts Prepaid Receivable Inventory Rent Accounts Payable Change in Assets = Change in Liabilities +Change in Equity Net Income Cash - $ . $ Transactions: 1/25/19 Prepay $300 for Rental of Shelves (store fixtures') 2/9/19 Purchase 10 pairs on credit due 4/6 2/1/19 Receive February Shelf Rental Invoice 2/12/19 Sell 1 pair for cash Pay Owners February Salary of $30/mth 3/1/19 Receive March Shelf Rental Invoice 3/12/19 Sell 4 pairs on credit due 4/15 3/15/19 Pay Owners March Salary of $30/mth 4/1/19 Receive April Shelf Rental Invoice 4/6/19 Pay $1000 invoice for 2/9 merchandise purchase 4/15/19 Pay Owners April Salary of $30/mth 4/20/19 Sell 3 pairs for cash 4/15/19 Receive cash payment for 3/12 sale 4/25/19 Sell 2 pairs at 20% discount for cash Totals Opening Balance Current Balance Ending Balance $ $ $ $ $ $ . $ 390 $ .. 530 $ $ $ 500 500 1,030 $ $ - - $ $ - . $ $ - - $ $ - - $ $ $ 500 $ 500 $ 1,030 $ - - - $ $ $ 500 500 1,030 1,920 1,000