 At this point in the practice problem, we've done two months of data input. Let's just do a recap of the business and bookkeeping goals. The business goal in general is revenue generation, which we can generally see on the income statement. That's the top part of the income statement, the income line items on the income statement. That's what we're trying to do here. Everything else on the income statement is in essence some kind of expense. We have some other income down here, but generally everything else is an expense. Those are the things that we consumed in order to generate the revenue, typically in the same time frame. When we look at the balance sheet, we can break that down to the accounting equation, assets equal liabilities and equity. The assets are things that we have in the business as opposed to in our personal possession because they're going to be like investments that are used to generate revenue, such as investments in property, plants and equipment that we're going to use in the future to create revenue. The liabilities and equity are how we're financing the assets that we are investing in the business to use to generate revenue, liabilities representing loans and stuff that are claims to those assets by third parties. The equity representing our portion of the assets, which could be generated either from us making an initial investment or through the accumulation of revenue that we've had retained earnings, earnings that we're keeping in the company that we haven't distributed in the form of dividends or draws in the case of a corporation or sole proprietorship respectively. So let's just take a quick recap. If we look at these line items and think about how each of those these accounts have been built, we'll do it a little bit quicker this time because we did this app to the first month, but I think it's useful to see what the end product is.