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On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April: a. Opened a business bank account with a deposit of $45,000 in exchange for common stock. b. Purchased office supplies on account, \$1,910. c. Received cash from fees earned for managing rental property, $5,310. d. Paid rent on office and equipment for the month, $2,350. e. Pald creditors on account, $870. f. Billed customers for fees earned for managing rental property, $4,350. 9. Paid automobile expenses for month, $520, and miscellaneous expenses, $260. h. Paid office salaries, $1,650. I. Determined that the cost of supplies on hand was $1,130; therefore, the cost of supplies used was $780. 5. Paid dividends, $1,570. Required: 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. 5tockheders' equity is the rght of swakelders (bwnerv) ta the abets of the buinesk. Thase nghes are easeraes- 3. Determine the net inceite dor Mpri. 4. kow much did Apri's tarsacsons increase or decrase stodholden' equty? bys