The analysis of the transactions that Sinclair Leasing completed during its first month of operations follows. The company buys equipment that it leases out to earn revenue. The owner of the business made only one investment to start the business and no withdrawals. Accounts Lease Accounts

(a) Cash +50,000 + Receivable + Equipment = Payable +

(b) 750 + 750 (C) +100,000 +100,000

(d) +800

(e) 2,000

(f) + 6,600 (g) -10.000 - 10,000 (h) + 150 -150 Owner Capital +50,000 + 800 2,000 + 6,600 Required 1. Describe each transaction of Sinclair Leasing. 2. Il these transactions fully describe the operations of Sinclair Leasing during the month. what was the amount of net income or net loss?