Question 6 - (20 marks) Use the business transactions below to complete the requirements: Stockholders invest $60,000 in cash in exchange for common shares, in starting a real estate office operating as a corporation. Purchased $600 of supplies on credit. Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21,500, note payable. + Real estate commissions were billed to clients for $7000 will be received next month. Paid $900 in cash for the current month's rent. Paid $150 cash on account for office supplies purchased in transaction 2. 6 60 00 Received a bill for $600 for insurance for the current month. Paid $1,500 cash for office salaries. Paid $1,200 cash dividends to stockholders. 10. Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4. Required: (a) Using the table on the next page, prepare an analysis of the transactions indicating the final balance of each item. (b) Using the basic accounting equation, prove that the table balances. (c) Determine the net income or loss