You are to identify how each of the following transactions affects the company's financial statements. For the balance sheet, you are to identify how each transaction affects total assets, total liabilities, and equity. For the income statement, you are to identify how each transaction affects net income. If there is an increase, place a "+" in the column or columns. If there is a decrease, place a "-" in the column or columns. If there is both an increase and a decrease, place "+/-" In the column or columns. The line for the first transaction is completed as an example.