Problems P1.1 (LO3, 4 On April 1, Julie Chen established Maol's Travel Agency. The following transactions were completed during the month Analyze transactions and compute net income 1. Invested NT$15,000 cash to start the agency 2. Paid NT5600 cash for Apri oficerent 3. Purchased equipment for NT53.000 cash 4. incurred NT$700 of advertising costs for Facebook ads, on account 5. Paid NTS900 cash for office supplies 6. Performed services worth NTS10,000 NT53.000 cash is received from customers, and the balance of NT57,000 is billed to customers on account 7. Withdrew NTS500 cash for personal use B. Paid Facebook NTS500 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 Check figures provide a key number to let you know you are on the right track. a. Prepare a tabular analysis of the transactions using the following column headings: Cash, Accounts Receivable Supplies, Equipment Accounts Payable, Owner's Capital Owner's Drawings, Revenues, and Expenses Total assets NT$20,000 b. From an analysis of the owner's equity columns, compute the net income or not loss for April Net income NT56,200