P3-1A Analyze transactions and compute net income On April 1, Wonder Travel Agency Inc. was established. These transactions were completed during the month. Stockholders invested $30,000 cash in the company in exchange for common stock. Paid $900 cash for April office rent. Purchased office equipment for $3,400 cash. Purchased $200 of advertising in the Chicago Tribune, on account. Paid $500 cash for office supplies. 1. 2. 3. 4. 5. 6. 7. Paid $400 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4) 9. Paid employees' salaries $1,800. Performed services worth $12,000. Cash of $3,000 is received from customers, and the balance of $9,000 is billed to customers on account. 10. Received $9,000 in cash from customers billed previously in transaction (6). Instructions (a) Prepare a tabular analysis of the transactions using these column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Common Stock, and Retained Earnings (with separate columns for Revenues, Expenses, and Dividends). Include margin explanations for any changes in Retained Earnings. (b) From an analysis of the Retained Earnings columns, compute the net income or net loss for April. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" I need the questios in the buttom updated this numbers in the exercise and completed. After you have completed P3-1A, consider the following additional question. 1. Assume that in transaction (6) services performed changed to $15,000 with $5,000 received in cash. Also assume that the amount was paid in full (transaction 10). Show the impact of this change on the analysis and on net income.