The following amounts summarize the financial position of Little Yellow Dog inc. on May 31, 202X B During June 202X, the business completed these transactions: June 1: Received a cash investment totalling $9900 in exchange for common shares. June 1: Purchased three computers. The company paid $2200 in cash and took out a bank loan of $4400 to cover the remaining balance owing. The loan bears interest of 5% to be paid on June 1 , next year. The computers are expected to last 3 years. June 5: Paid $880 for the current month's office rent. June 9: The business was invoiced for a $5500 purchase of office supplies. June 13: Performed services for a client and received $9350. June 20: Declared and paid a cash dividend of $660. June 23: Recelved $550 from a customer that was billed last month. June 25: Paid $2750 of a bill recelved earlier in the month. June 30: Baled a client for services rendered, $3300. June 30: A physical count received that $1650 worth of supplies are still on hand. June 30: Paid $1210 for an advertising campaign that had been run during the month. Employee salaries were also accrued. Employees work 5 days each week and are paid $3000 in total every other Friday. The month ended on a Wednesday. Employees were last paid 2 weeks ago. Other Information: 1) In the past, Little Yollow Dog inc. has used the following accounts on their income statement: Revenue, Depreciation Expense, Interest Expense, Rent Expense, Salaries Expense, Advertising Expense, and Supplies Expense. They use the Dividends account to record dividends. Not all accounts have been used each period. Required: 1) Create all necessary journal entries for the month of June 202X. Place your answer under "Requirement 1 " in the "Answer" tab. Note that the dates havo been pre-populated. Ensure your joumal entries match the apprepriate dato. Explanations are not required. 2) Analyze the effects of the above bransactions on the accounting equabon. Place your answer under "Requirement 2 " in the "Answer" tab. 3) Prepare the income Statement for the month ended June 30,202X. List expenses in decreasing order by amount. Place your answer under