1. Transaction analysis (2pts; 0.25pts each): King Toot's, Ltd. provides music lessons to customers. The accountant for King Toot's observed the following transactions which occurred during May 2022. For each transaction, describe the effect (increase/decrease AND the $ amount) of the transaction on the accounting equation. Below, I have done an example for you. Example: Issued 1,000 shares of common stock for $10 per share. Assets (cash) increase $10,000; SHE (Common Stock) increases $10,000. a. Purchased $3,190 worth of supplies on account. b. Provided $35,820 worth of music lessons to customers on account. c. Paid workers $9,050 in cash for May 2022 wages. d. Received $21,450 in cash from customers in transaction b. as payment on their accounts receivable. e. Paid $1,900 in cash to creditor from transaction a. f. Received $2,500 cash in advance from customers who are paying King Toot's in advance for June 2022 lessons. g. Declared and paid dividends of $500 cash. h. Paid $800 in cash for May 2022 rent.