Question No. 1 Sara Repair Shop was started on May 1 by Nancy Sara. A summary of May transactions are presented below. Analyze transactions and compute net income. 1. Invested Tk. 10,000 cash to start the repair shop. 2. Purchased equipment for Tk. 5,000 cash. 3. Paid Tk. 400 cash for May office rent. 4. Paid Tk. 500 cash for supplies. 5. Incurred Tk. 250 of advertising costs in the Prothom Alo News on account. 6. Received Tk. 5,100 in cash from customers for repair service. 7. Withdrew Tk. 1,000 cash for personal use. 8. Paid part-time employee salaries Tk. 2,000. 9. Paid utility bills Tk. 140. 10. Provided repair service on account to customers Tk. 750. 11. Collected cash of Tk. 120 for services billed in transaction (10). Instructions 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