Use this practice to help identify which sections of the chapter you need to study more.Eliza Cummins opens an apartment-locator business near a college campus. The company will be named Campus Apartment Locators. During the first month of operations, July 2025, the business completes the following transactions: Cummins contributes $35,000 to the business. The business gives capital to Cummins.Purchases $350 of supplies on account.Pays cash of $30,000 to acquire a lot next to campus.Locates apartments for clients and receives cash of $1,900.Pays $100 on the accounts payable the business created in Transaction (b).Pays cash expenses for office rent, $400, and utilities, $100.Cummins withdrew cash of $1,200.Requirements Analyze the preceding transactions in terms of their effects on the accounting equation of Campus Apartment Locators. Use Exhibit F:1-5 as a guide. (See Learning Objective 4)Prepare the income statement, statement of owner's equity, balance sheet, and statement of cash flows of the business after recording the transactions. (See Learning Objective 5)Calculate the return on assets (ROA). (See Learning Objective 6)