1. (a) Sakib's Repair Shop was started on December 1 by Sakib-Al-Hasan. A summary of December transactions is presented below. I. Invested $70,000 cash to start the repair shop. II. Provided repair service on account to customers $120. III. Paid $300 cash for office rent. IV. Purchased equipment for $5,000 cash. V. Withdrew $1,200 cash for personal use. VI. Purchased supplies on account for $900 VII. $3,000 cash from customers was received for repair service. VIII. Salaries of $1,000 were paid to employees. IX Paid utility bills $460. X Paid $600 cash to creditors from transaction (VI). XI. Collected cash of $100 for services billed in transaction (II). XII. Paid insurance cost $100 Instructions: (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Capital, Drawings, Revenues, and Expenses. (b) Write down the expanded accounting equation