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Star Inc. began operations on May 1, 2014. The transactions for the first month follow. a. A shareholder paid Star Inc. $35,000 cash for share capital in the business. b. Star Inc. collected $200 for commissions earned today. c. Star Inc. used $1,000 cash and $3,250 credit to purchase new equipment worth $4,250. d. Star Inc. purchased $4,750 of equipment on credit. e. Star Inc. bought $2,750 of equipment, using $500 cash and $2,250 on account. f. Star Inc. purchased new equipment by paying $3,000 cash. g. $1,300 of commissions were earned and collected today by Star Inc. h. The $750 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days. i. A client rented equipment for $7,000 cash. j. Star Inc. paid dividends of $1,000 to the shareholders. Fill out the following table, according to the transactions above. Select the headings for each column by clicking on the appropriate cell. Also indicate next to each change in equity (in the explanation column) whether it was caused by issuance of share capital (investment), a revenue, an expense or payment of dividends. Identify revenues and expenses by name. Calculate the total balance for each column (no + or - sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended May 31. In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended May 31. a) Complete the following accounting equation table: Assets = Liabilities Equity Explanation + Share Capital+Retained Earnings (C) (d) (e) (g) (h) ) Bal. b) Complete the following income statement: (select one) Income Statement (select one) c) Complete the following statement of changes in equity: (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity d) Complete the following balance sheet: (select one) Balance Sheet (select one) X + X + + 4 X + +