=+On April 1, 2010, Ryan Barnes established Coyote Realty. Ryan completed the following transactions during the month of April:

a. Opened a business bank account with a deposit of $25,000 from personal funds.

b. Paid rent on office and equipment for the month, $3,200.

c. Paid automobile expenses (including rental charge) for month, $1,200, and miscellaneous expenses, $800.

d. Purchased supplies (pens, file folders, and copy paper) on account, $900.

e. Earned sales commissions, receiving cash, $24,000.

f. Paid creditor on account, $400. g. Paid office salaries, $3,600. h. Withdrew cash for personal use, $3,000. i. Determined that the cost of supplies on hand was $150; therefore, the cost of supplies used was $750. Instructions 1. Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: PR 1-4A Transactions; financial statements ✔ 2. Net income: $14,450 Assets  Liabilities  Owner’s Equity Ryan Ryan Office Accounts Barnes, Barnes, Sales Salaries Rent Auto Supplies Misc. Cash  Supplies  Payable  Capital  Drawing  Commissions  Expense  Expense  Expense  Expense  Expense 2. Prepare an income statement for April, a statement of owner’s equity for April, and a balance sheet as of April 30