The Balance Sheet of XYZ Company for May 31, 2022 as Follows; The XYZ Company's transaction and Balance Sheet for May 31, 2022 was analyzed and shown previously. The following transactions are occurred during June; 1. Acquisitions of inventory on open account at $850,000 2. Total sales for merchandise inventory were $1,300,000, in which $920,000 was open account (received later) and $380,000 was cash 3. (Related with transaction 2)The cost of merchandise inventory sold was $500,000 4. Payments of account payable $25,000 5. Depreciation expense for equipment was $18,000 6. Recognition of other expenses that were paid in cash was $55,000 7. Collection of account receivable was $200,000 8. Payments of note payable was $100,000 9. Recognition of rent expense was $5,000 Question 1) Prepare an analysis of transactions 1 to 9 for February, and prepare the related Balance Sheet Statement for May 31, 2022. Question 2) Prepare the Income Statement for May 31, 2022. Question 3) Assume that XYZ Company has declared a payment for dividends $78,000 in total. Calculate the Ending Retained Earnings for May 31, 2022