Question No 3: TABULAR SUMMARY John Anderson opens his law office on June 1, 2020. During the first month of operation, the following transaction occurred: June 01: Joan invested $11,000 in cash in the law practice. June 03: Paid $800 for July rent on office space. June 16: Purchased office equipment on account $3,000. June 20: Provided legal services to clients for $1,500, totaled $900 received in cash and the balance is billed to customer. June 22: Borrowed $700 cash from a bank on a note payable. June 25: Performed legal services for client on account $2,000. June 28: Paid monthly expenses: salaries and wages $500, utilities $300, and supplies $100. June 30: Joan withdraws $1,000 cash for personal use. Requirements: (Marks 8) a. Prepare a tabular summary of the transactions Use the following format for tabular summary using expanded accounting equation, Dat Assets Liability Owner's Equity Cash A/C Office A/C Notes Capital Drawings Revenue Expense Receivable Equipment Payable Payable b. From Owners' equity column, compute net income or net loss