On June 1 of the current year, Maria Edsall established a business to manage rental property. She completed the following transactions during June: a. Opened a business bank account with a deposit of $36,000 in exchange for capital stock. b. Purchased office supplies on account, $2, 890. c. Received cash from fees earned for managing rental property, $8, 100. d. Paid rent on office and equipment for the month, $3, 540. e. Paid creditors on account, $1, 310. f. Billed customers for fees earned for managing rental property, $6, 560. g. Paid automobile expenses for month, $790, and miscellaneous expenses, $390. h. Paid office salaries, $2, 490. i. Determined that the cost of supplies on hand was $1, 710: therefore, the cost of supplies used was $1, 180. j. Paid dividends $2, 360. 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) 2. Stockholders' equity is the right of stockholders, to the assets of the business. These rights are _________ by issuances of capital stock and revenues and ________ by dividends and expenses. 3. Determine the net income for June. $ 4. How much did June's transactions (a-j) increase or decrease retained earnings? ________ by $