Required: 1. Record each of the following transactions/events in the tabular analysis above including the date of each transaction as well as descriptions of amounts in the Cash and R/E columns. 3/1 Customers purchased services in advance of $300 which will be performed later. 3/1 Purchased equipment for $23,120 on account; management expects it will be useful for 6 years at which time it should be worth $800. 3/1 Performed $4,000 of consulting services for customers. 3/1 Purchased a six month insurance policy for $1,380. 3/12 Paid advertising of $640. 3/18 Purchased supplies of $130 on account. 3/20 Performed $600 of services for customers on account. 3/22 Services previsouly sold in advance for $200 were preformed. 3/23 Received a utility bill for $450; will be paid next month. 3/30 Paid employee payroll of $1,400. 3/30 Received $400 from customers on account. 3/30 Made payment on bank loan of $900. 3/30 Supplies on hand reported at $190. 2. Use the resulting tabular analysis to prepare an income statement, statement of retained earnings, balance sheet and statement of cash flows for the month. 3. Assuming the equipment was sold for $20,000 on March 30 th (after depreciation was recorded), record the necessary transaction