Extracted text: transactions. Note that she made no withdrawals during the month. The following is glory, established the AA Tutorial Services. On May 1, 2021, she contributed P70,000 as Transactions in a Completed Worksheet erates a repair Asuncion Alcala, to be able to guide the accountancy students in their pursuits for.CPA equity by placing the letter I (income), E (expense), W (withdrawal), or INV (investment) at the right of each increase or decrease in owner's equity. On the lines labeled "Bal." For each transaction, identify he following (i.e. Balance) show the new equation resulting from the transaction. OE Corpuz, Capital Problem #9 glory, established the AA Tutorial Services On May 1, 2021, she contributed P70,000 as investment to start the business. During the month, she entered into several the transaction worksheet prepared by her student-assistant: Notes Alcala, Accounts Office Accounts Cash Payable Capital Receivable Equipment Payable %3D +70,000 +70,000 -45,000 1. +45,000 2. 3. +10,000 +20,000 +30,000 +18,000 4. . +18,000 -5,000 5. -5,000 +7,000 6. +7,000 7. -10,000 -10,000 8. +15,000 -15,000 -7,000 9. -7,000 Required: 1. Describe each of the above transactions. 2. If these transactions represent the operations of AA Tutorial Services during the month of May, what was the amount of profit or loss before depreciation?