Problems P1.1 (LO 3,4) On April 1, Julie Chen established Miaoli's Travel Agency. The following transactions were completed during the month. 1. Shareholders invested NT$15,000 cash in the business in exchange for ordinary shares. 2. Paid NT$600 cash for April office rent. 3. Purchased equipment for NT$3,000 cash. 4. Incurred NT$700 of advertising costs for Facebook ads, on account. 5. Paid NT$900 cash for office supplies. 6. Performed services worth NT$10,000: NT$3,000 cash is received from customers, and the balance of NT$7,000 is billed to customers on account. 7. Declared and paid NT$600 dividend. D o n lod 20 8. Paid Facebook NT$500 of the amount due in transaction (4). 9. Paid employees' salaries NT$2,500. 10. Received NT$4,000 in cash from customers who have previously been billed in transaction (6). Instructions a. Prepare a tabular analysis of the transactions using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Share Capital-Ordinary, Revenues, Expenses, and Dividends. b. From an analysis of the retained earnings columns, compute the net income or net loss for April