Sameer Ahmad decides to open a Scan & Copy services near the AUE campus that will operate as a proprietorship. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. 1. Record each transaction by increasing (+) or decreasing () the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the cause of changes in equity. 2. Prepare Income Statement as of June 30, 2020. 3. Prepare Owners Equity Statement as of June 30, 2020. 4. Prepare the Balance Sheet as of June 30,2020. 5. Prepare Cash Flow Statement. Transactions (1) Invested $20,000 cash on June 1. (2) Purchased Copy Machines for $5,000 paying $3,000 in cash and the remainder due in 30 days. (3) Purchased supplies for $1,200 cash. (4) Received a bill from Fujairah Magazine for $300 for advertising in the Latest Issue. (5) Cash receipts from customers for Copying and Scanning Official Documents amounted to $1,500. (6) Paid salaries of $200 for two employees. (7) Billed Daba SportTeam $200 for Logo printing services. (8) Paid $300 to Fujairah Magazine for advertising that was previously billed in Transaction 4. (9) Incurred utility expenses for month on account, $150. (10) Sameer withdraws $150 in cash from the business for his personal use.