3.Ace Trucking Company was organized on January 1, 2010. At the end of the first quarter (3 months) of operations, the owner prepared a summary of its activities as shown in the first row of the table below. a. For each transaction, enter the appropriate dollar amount. Note that the Income column is the amount that will appear in the income statement and the Cash column will appear in the Statement of Cash Flows. (Hint: Transactions b. and c. will not appear on the income statement. Put a zero in the Income column for those transactions. Don't know why? Use the Q & A for this week to ask or to post your guess!) b. For each transaction explain the reason for your answers. Computation of Income Cash Summary of Transactions