Question 2 (18 marks) The Mario Brothers decide to open a pizza parlor near the local college campus that will operate as a corporation. Reported below are the following transactions for the month of June 2021: NH | | t Transaction # Transactions The brothers invests $25,000 cash in exchange for common stock to start a 1 pizza parlor business on June 1. 2 Purchased equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days. 3 The company borrowed $10,000 one a 1 year note payable. 4 Purchased supplies for $1,200 cash. 5 Received a bill from Campus News for $200 for advertising in the campus newspaper Cash receipts from customers for pizza sales amounted to $1,500. 7 Paid salaries of $200 to employees. 8 Billed the Tiger Football Team $300 for pizzas ordered. 9 Paid $200 to Campus News for advertising that was previously billed in Transaction 4. 10 The company paid dividends of $1,200. 11 Incurred utility expenses for the month on account, $100. 1oooo ol Required 1. Prepare a tabular analysis by recording the transactions. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Use the following column headings: Cash, Accounts Receivable, Supplies, Equipment Accounts Payable, Notes Payable, Common Stoc and Retained Earnings (sub headings, Revenues, Expenses & Dividends). Ensure to provide totals for each account. 2. How much the company report as net income? Ensure to show all calculations. 3. How much will the company reports as total assets, total liabilities and total stockholders' equity