DO NOT USE EXCEL Give Proper calculation. Maya started her own consulting firm, Maya Consulting, on May 1, 2017. The following transactions occurred during the month of May 1- Maya invested $7,000 cash in the business. 2- Paid $900 for office rent for the month. 3- Purchased $600 of supplies on account. 5- Paid $125 to advertise in the County News. 9 - Received $4,000 cash for services performed. 12 - Withdrew $1,000 cash for personal use. 15 - Performed $5,400 of services on account. 17 - Paid $2,500 for employee salaries. 20 - Paid for the supplies purchased on account on May 3. 23 - Received a cash payment of $4,000 for services performed on account on May 15. 20 - Borrowed $2,000 from the bank on a note payable 29 - Purchased equipment for $4,200 on account. 30 - Paid $275 for utilities. Instructions (a) Indicate the effect of each transaction and the balances at the end in the answer sheet. (b) The total net income of the company is $ (c) The total assets of the company at the end of the month is