On April 1, Crane Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,800 cash in the company in exchange for common stock. 2. Paid $810 cash for April office rent. 3. Purchased office equipment for $3,840 cash. 4. Purchased $280 of advertising in the Chicago Tribune, on account. 5. Paid $580 cash for office supplies. 6. Performed services worth $11,500. Cash of $4,000 is received from customers, and the balance of $7,500 is billed to customers on account. 7. Paid $510 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,240. 10. Received $7,500 in cash from customers billed previously in transaction (6). (a) Your answer is partially correct. Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. (If a transaction causes 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.)