Nina Niko launched a new business, Niko's Maintenance Co., that began operations on June 1. The fol- lowing transactions were completed by the company during that first month. Problem 1-7B Analyzing transactions and Nina Niko invested $130,000 cash in the company in exchange for its common stock. The company rented a furnished office and paid $6,000 cash for June's rent. The company purchased $2,400 of equipment on credit. preparing financial June 1 statements 2 P1 P2 4 The company paid $1,150 cash for this month's advertising of the opening of the business, 6 The company completed maintenance services for a customer and immediatcly collected $850 cash. The company completed $7,500 of maintenance services for City Center on credit. 16 14 The company paid $800 cash for an assistant's salary for the first half of the month. 20 The company received $7,500 cash payment for services completed for City Center on June 14. 21 The company completed $7,900 of maintenance services for Paula's Beauty Shop on credit. 24 The company completed $675 of maintenance services for Build-It Coop on credit. 25 The company received $7,900 cash payment from Paula's Beauty Shop for the work completed on June 21 26 The company made payment of $2,400 cash for equipment purchased on June 4. 28 The company paid $800 cash for an assistant's salary for the second half of this month. 29 The company paid $4,000 cash in dividends to the owner (sole shareholder) 30 The company paid $150 cash for this month's telephone bill. 30 The company paid $890 cash for this month's utilities. Chapter 1 ACCOuntng in BUSiness Required 1. Create the following table similar to the one in Exhibit 1.9. Equity Assats Liabilties + Expenses Revenues Common Dividends Date Cash Accounts Equipment Accounts + Stock Payabie Receivable Enter the eifects of each transaction on the accounts of the accounting equation by recording dollar increases and docreases in the appropriate columns. Do nct determine new account balances after each transaction. Determine thee final total for eaich account and verify that the equation is in balance. 2. Prepare the income statement and the statement of retained earnings for the month of June, and the balance sheet as of June 30. Check (1) Ending balances: Cash, $130,060; Expenses I $9,790 (2) Net income. $7.135; Total assets, $133,135 3. Prepare the statement of cash flows for the month of June