3.Analyzing the effects of transactions Using "T" Accounts, Preparing an Unadjusted Trial Balance and Statement of Retained Earnings Back Yard Parties Inc. rents inflatable games and rides for parties and corporate events. The following transaction occurred in the Month of December, 2018. a. Received $50,000 cash in exchange for company shares. b. Purchased rides and party equipment, paying $20,000 cash. c. Received $5,000 cash from hourly rentals. d. Rented rides and equipment to customers for $10,000;received cash of $2,000 and the rest is due form customers. e. Received $2,000 from a corporate client as a deposit on a party booking in January 1,2019. f. Began to prepare for the January 1 party by purchasing various supplies on account for $600. g. Paid $6,000 in cash for rent for the month of December. h. Prepaid next month's rent for $6,000. i. Received $1,000 from customers on accounts receivable. j. Paid $4,000 in wages to employees for work done during the month. k. Paid $1000 for television advertising for the month. Required: 1. Set up appropriate 'T" accounts. All accounts begin with zero balances. 2. Record in the 'T" accounts the effects of each transaction above for Back Yard Parties in December, referencing each transaction in the accounts with the transaction letter. Total and show the appropriate end balances in the "T" accounts for the month of December. 3. Prepare an unadjusted trial balance for the end of December 4. Prepare a statement of Retained Earnings in proper form for the month ending December 31, 2018 for Back Yard Parties Inc