On 1 November 2017, V Young decided to establish a television rental business, to be known, A1-TV Hire. The transactions for the first month were: 1. Young contributed $20 000 capital in the form of a business bank account 2. Bought 20 television sets on credit from EWE Wholesalers, for $300 each, a total of $6000 3. Bought a deliver vehicle for $12 600 cash 4. Paid EWE Wholesalers $1500 on account 5. Rented six television sets to customers for one month at $25 per set, payable in advance (total $150) 6. Each customer paid an additional $100 per set as a refundable deposit (total $600) 7. Rented 10 television sets to Sierra Motet at $25 per fortnight. Rental was due at the end of each fortnight 8. Paid $26 for petrol used by delivery van 9. Paid $41 for an advertisement in TV Daze 10. One customer returned a television set at the end of the month and was refunded the $100 deposit (see transaction 6) 11. Sierra Motel paid $250 for the first fortnight's rental 12. The proprietor took a television set that had cost $300 for use at home. Required: (a) Analyse each transaction according to its effect on the basic accounting equity. Construct an accounting worksheet showing the effects of all transactions on the accounting equation in the following format: (15marks) Cash A/R Al-TV Hire Assets = Liability + Owners equity Suppliers Office Equipment A/P Bank Loan Capital (b) Prepare an income statement for the month of November 2017; and (10marks) (c) Prepare a statement of financial position as at 30 November 2017. (15marks)