Instructions (a) Prepare a tabular analysis of the transactions using the following column headings: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, and Retained Earnings. (b) From an analysis of the Retained Earnings column, compute the net income or net loss for June. 2-9 On June 1, Maui Travel Agency, Inc., was established. The following transactions were completed during the month. 1. Stockholders invested $40,000 cash, receiving common stock in exchange. 2. Paid $1,000 cash for June office rent. 3. Purchased office equipment for $5,000 cash. 4. Paid $1,000 cash for office supplies. 5. Incurred $500 of advertising costs in the Daily Maui, on account. 6. Earned $25,000 for services rendered: Cash of $12,000 is received from customers, and the balance of $13,000 is billed to customers on account. 7. Paid $750 cash dividend. 8. Paid Daily Maui amount due in transaction (4). 9. Paid employees' salaries $2,500. 10. Cash of $10,000 is received from customers who have previously been billed in transaction (6)