Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April.

Apr. 1		Hillenmeyer invested $36,856 cash in the business.
4		Purchased land costing $27,187 for cash.
8		Incurred advertising expense of $1,679 on account.
11		Paid salaries to employees $1,273.
12		Hired park manager at a salary of $4,669 per month, effective May 1.
13		Paid $1,982 cash for a one-year insurance policy.
17		Withdrew $1,312 cash for personal use.
20		Received $6,597 in cash for admission fees.
25		Sold 130 coupon books for $30 each. Each book contains 10 coupons that entitle the holder to one admission to the park.
30		Received $9,387 in cash admission fees.
30		Paid $723 on balance owed for advertising incurred on April 8.

Instructions (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash, Accounts Receivable, Supplies, Equipment,Accounts Payable,N. Barone, Capital;N. Barone, Drawings; Revenues, and Expenses. (b) From an analysis of the owners equity columns, compute the net income or net loss for May.