The following information opplies to the questions displayed below.] An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained Assets Accounts Receiveble Supplies Equipment Liobilities Stockholders' Equity Accounts Common Cash Payable Stock Retained Earnings (a) (b) (c) (d) (e) () (g) +20,500 +20,500 +995 -995 Utilities expense +5.100 Service revenue -5,100 -8,650 +2.060 +14,950 +6,300 -2.060 Service revenue +810 +810 -4,725 -4,725 (h) -2,300 2.300 Woge expense -1175 Rent expense -1,175 1530 i -1,530 7240 3,570 810 14,950 3,380 20,500 2.690 value 1.00 points Required: 1. Describe the business activities that led to the accounting equation.effects for each transaction shown above. Financial Statements Activities 1. Describe the business activities that led to the accounting equation effects for each transaction shown above. Activities Financial Satements a C. d. e. h. i. Hints References eBook & Resources Hint #1 Check my work 5. value 1.00 points Required 2-a. Prepare an income statement as of July 31 NEPCO LO Required: 2-a. Prepare an income statement as of July 31. NEPGO Income Statement 0 Hints References eBook & Resources Hint #1 Check my work 6 100 points 2-b. Prepare a statem 2-b. Prepare a statement of retained earnings for July, 31. NEPCO Statement of Retained Earnings Retained Earnings, July 1 Retained Earnings, July 31 Hints References eBook & Resources Hint #1 Check my work 7. value 1,00 points 2-c. Prepare a olassified balance sheet as of July 31, 2013 NEPCO Balance Sheet of July 31, 2013. 2-c. Prepare a classified balance sheet as NEPCO Balance Sheet 10 3-a. Calculate the net profit margin, expressed as a percent.(Round your answer to 1 decimal place.) Net Profit Margin 6 3-b. Is NepCo more or less profitable than its competitor, which earned a net profit margin of 25.0 percent? More Less