Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income. a. (5) Select the description for transaction 5. Withdrawal of cash by owner. a. (6) Select the description for transaction 6. Payment of cash to creditors. a. (7) Select the description for transaction 7. Recognition of cost of supplies used. b. What is the amount of the net increase in cash during the month? c. What is the amount of the net increase in owner's equity during the month? \$ d. What is the amount of the net income for the month? \$ e. How much of the net income for the month was retained in the business