On April 1, Kingbird, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,000 cash in the company in exchange for common stock. 2. Paid $500 cash for April office rent. 3. Purchased office equipment for $2,900 cash. 4. Purchased $100 of advertising in the Chicago Tribune, on account. 5. Paid $300 cash for office supplies. 6. Performed services worth $11,000. Cash of $2,000 is received from customers, and the balance of $9,000 is billed to customers on 7. Paid $200 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1.000. 10. Received $9,000 in cash from customers billed previously in transaction (6). 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. See Illustration 3-4 for example.) Assets Liabil Cash + Accounts Receivable + Supplies + Equipment = Accounts Pay KINGBIRD, INC. Liabilities + Stockholders' Equity = Accounts Payable + Common Stock Retained Earnings Revenues Expenses Dividends