1. The following transactions occur in 2020. a) Investors contributed an additional $5,000 to Generic. b) Generic borrowed an additional $10,000 from its bank. c) Generic purchased from its suppliers inventory for resale for $60,000 on accounts payable. d) Generic sold and delivered goods to customers with total prices of $110,000, all on accounts receivable. e) The cost of the goods sold and delivered to customers was $45,000. f) Receipts from customers on their accounts receivable totaled $100,000. g) Generic paid $50,000 of wages to its employees h) Generic paid its suppliers $55,000 on its accounts payable with them. i) Generic paid its bank $1,000 interest on its loans. j) Dividends paid to owners equaled $5,000. k) Repayments of loans totaled $10,000 l) Generic took an order to deliver goods priced at $20,000 to a customer in 2021. Using the horizontal model, show the effect of each transaction on balance sheet and income statement