Ron Abrams has come into your office for his weekly 1 on 1 in which you update him on your weekly progress on your projects. He has arrived with a stack of paperwork in his hands and a befuddled look on his face. You ask what’s going on and he responds as follows. "Last year, as you know, we purchased a bankrupt, closed down bottling facility in The Ukraine. I don’t know if you know this but in countries other than Canada they are using somewhat different accounting policies than we do, and the reports I have for the first few months of operations for that location look nothing like anything I have seen before. I’m aware that the company made no money this month as it’s had no sales or operations, but I cannot understand our capital position. I’m leaving you with a new project. I know you’ve been learning accounting so I want you to take the opening information for the business from the date of purchase and come up with the balance sheet as it should appear to me as a Canadian Reader." You are somewhat puzzled with this new challenge, yet flattered at the same time, and agree to take it on. Given:The newly purchased firm was bought on November 1. At inception the balance sheet accounts of the firm were as follows:Account Name$ Account Name$Accounts Payable 85,000 Bonds Payable (Over 1 Year) 45,000Accounts Receivable 67,000 Share Capital 936,200Land 490,000 Furniture and Fixtures 15,000Building 320,000 Wages Payable 55,000Equipment 175,000 Bottle Processing Patent Fee's Payable 25,000Cash 2,200 Taxes Payable 58,000Notes Payable 60,000 Bottle Inventory 195,000AAccounts receivable were collected in the amount of:$18,800BWages due were paid out of cash in the amount of:$17,800CEquipment was purchased on credit for the amount of$177,800This amount was due on delivery and was paid in cash:$2,900DLand appraised for this amount: $560,000EA stakeholder, Bruce Wayne, provided the company withequipment and in return received shares for this amount:$67,800FShares were retired for Bonds Payable for this amount:$302,800The bonds payable are due Dec. 15, 2025GBottle processing patent fees for this amount $25,000were completely paid out on creditHOld bottles for this amount were returned to the former $177,800supplier for their cash valueIA bank loan was taken out for this amount: $67,800The amount was kept in cash over the end of the month1.Create the T-Accounts to capture the transactions above that occurred in November.2.Create a Balance Sheet for November 30th assuming no other transactions occurred for the month other than those noted above.