Transaction Analysis An analysis of the transactions of Hewitt Detective Agency for the month of May appears below. Line 1 summarizes the company's accounting equation data as of May 1; lines 2-10 represent the transactions for May: Balance Sheet Assets Accounts Office Liabilities + Accounts Notes Trans. Cash + Receivable + Supplies + Equipment = Payable + Payable + $38,000 $2,500 $40,000 $1,500 $25,000 10,000 Stockholders' Equity Common Retained Stock + Earnings $50,000 $16,000 (1) $12,000 (2) 10,000 (3) 30,500 (30,500) (4) 4,900 (5) 34,000 (6) (1,500) (7) 7,500 (8) (4,000) (9) (3,750) (10) (12,500) 4,900 (1,500) 34,000 7,500 (4,000) 3,750 (12,500) REQUIRED a. Show that assets equal liabilities plus stockholders' equity as of May 1. Note: Enter May 1 amounts below. Assets Liabilities + Equity $ = $ + $