2. Illustrate the effects on the accounts and financial statements of the sale. Assume the double-declining-balance method of depreciation is used. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Stockholders Assets Liabilities Equity Statement of Cash Flows Income Statement 2. Illustrate the effects on the accounts and financial statements of the sale. Assume the double-declining-balance method of depreciation is used. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Stockholders Assets Liabilities Equity Statement of Cash Flows Income Statement