Here are the following financial transactions of Elite Consulting Services Company for the month of January 20241. On January 1, the owner invested SAR 200,000 in cash in the company.2. On January 2, the company rented an office for SAR 12,000 for the first month.3. On January 3, the company purchased computers worth SAR 25,000 in cash.4. On January 4, the company paid SAR 5,000 to furnish the office.5. On January 5, the company received SAR 30,000 in cash for providing consulting services to a client.6 On January 6, the company signed a consulting services contract with another client worth 20,000 Saudi Riyals on the account.7. On January 7, the company paid 10,000 Saudi riyals as salaries to employees.8. On January 8, the company paid the electricity and water bill in the amount of 3,500 Saudi riyals.9. On January 9, the company received SAR 15,000 as an advance payment from another customer for services.On January 10, the company paid SAR 2,500 for internet and communications costs.On January 11, the company paid SAR 7,000 for maintenance of computers and office equipment.On January 12, the company purchased essential computer software worth SAR 12,000 in cash.On January 13, the company received SAR 15,000 in cash for providing consulting services to one of the customersOn January 14, the company paid SAR 5,000 to suppliers who provided services.External consultant.On January 15, the company received an amount of SAR 20,000 from a customer who had received services on the account.On January 16, the company paid SAR 3,000 for advertisingOn January 17, the company signed a new contract with a client to provide consulting services worth 40,000.Saudi riyals on account.in cash.On January 18, the company paid SAR 6,000 for office cleaning and maintenance services.On January 19, the company received SAR 8,000 from a customer for services provided.On January 20, the company paid employees salaries of 10,000 Saudi riyals. Settlement transactions required at the end of the month (31) January)1. One month's rent was paid, but on January 29, the company decided to pay the next two months' rent in advance at 24,000 SAR 12,000 SAR per month2. At the end of January, there were outstanding salaries of 5,000 Saudi Riyals that had not yet been paid.3. The depreciation of office equipment and computer software purchased must be calculated. Assume that the consumption rate is Office equipment is 10% annually, so January consumption should be calculatedRequired:1. Record basic financial transactions in the journal.2 Posting transactions to the ledger.3. Preparing the trial balance before settlements.4. Make the following settlement entries:5. Preparing the trial balance after adjustments.6. Preparing financial statements.7. Recording closing entries and preparing the post-closing trial balance.