Karen Repair Inc. was started on May 1. A summary of May transactions is presented below.

1.		Stockholders invested $10,400 cash in the business in exchange for common stock.
2.		Purchased equipment for $5,200 cash.
3.		Paid $416 cash for May office rent.
4.		Paid $312 cash for supplies.
5.		Incurred $260 of advertising costs in the Beacon News on account.
6.		Performed repair services for customer for $4,888 cash.
7.		Paid a $728 cash dividend.
8.		Paid part-time employee salaries $1,040.
9.		Paid utility bills $148.
10.		Performed repair services worth $1,144 on account.
11.		Collected cash of $120 for services billed in transaction (10).

(a)

Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)