Once you have completed the assignment below, you must submit your answers using the answer sheet provided in Canvas; not all answers will be turned in and not all answers will be graded. Once submitted, your answers cannot be changed, but where appropriate, partial credit will be given. For future reference, you should keep a copy of your answers (outside of Canvas) as they will not be available to view given the nature of the grading process. The Aguilar Corporation had the following tabular analysis, using the same abbreviations as those used in class: Assets Liabilities Owner's Equity Pre Uneam. Cash A/R AID Rev. C/S R/E Exp. Supp. Equip. A/P N/P 12,500 2,500 0 320 0 0 180 2,900 300 8.800 2.840 Required: 1. Record each of the following transactions/events in the tabular analysis above including the date of each transaction as well as descriptions of amounts in the Cash and R/E columns. 3/1 Customers purchased services in advance of $300 which will be performed later. 3/1 Purchased equipment for $23,120 on account; management expects it will be useful for 6 years at which time it should be worth $800. 3/1 Performed $4,000 of consulting services for customers. 3/1 Purchased a six month insurance policy for $1,380. 3/12 Paid advertising of $640. 3/18 Purchased supplies of $130 on account. 3/20 Performed $600 of services for customers on account. 3/22 Services previsouly sold in advance for $200 were preformed. 3/23 Received a utility bill for $450; will be paid next month. 3/30 Paid employee payroll of $1,400. 3/30 Received $400 from customers on account. 3/30 Made payment on bank loan of $900. 3/30 Supplies on hand reported at $190.2. Use the resulting tabular analysis to prepare an income statement, statement of retained earnings, balance sheet and statement of cash flows for the month. 3. Assuming the equipment was sold for $20,000 on March 30th (after depreciation was recorded), record the necessary transaction