The analysis of the transactions that Oakdale Equipment Rental engaged in during its first month of operations follows. The business buys electronic equipment that it rents out to earn rental revenue. The owner of the business, Gary Oake, made only one investment to start the business and made no withdrawals from Oakdale Equipment Rental. i (Click the icon to view the transactions.) Requi 1. De i 2. If t am More Info Requirement 1. Select the appropriate description for each transaction. a. Investment by owner b. Earned rental revenue and received cash C. Purchase of rental equipment on account as the d. Earned rental revenue on account Accounts Rental Accounts G. Oake, Cash + Receivable + Equipment = Payable + Capital e. Payment of cash for expenses a. + 52,000 + 52,000 f. Earned rental revenue and received cash b. +1,000 + 1,000 C. + 84,000 + 84,000 g. Collection of account receivable d. + 1,200 e. - 4,000 +1,200 -4,000 f. + 5,700 +5,700 g. + 2,300 -2,300 h. - 5,600 -5,600 h. Payment of account payable Requirement 2. If these transactions fully describe the operations of Oakdale Equipment Rental during the month, what was the amount of net income or net loss? Calculate the net income (or net loss). (Enter any losses with a minus sign or parenthesis.) Net income (loss) = $ Print Done