2) The Szakos Company engaged in the following transactions during the current year: a.Acquired $50,000 of cash by issuing common stock to owners b.Paid $10,000 to acquire manufacturing equipment c.Paid $5,000 cash for materials used in production d.Paid $2,000 for wages of production workers e.Paid $8,000 in general, selling, and administrative costs f.Recognized $1,000 of depreciation on the manufacturing equipment g.Sold inventory for $18,000 cash h.The cost of the inventory sold was $6,500 Required: Show the balance sheet and income statement effects of the transactions by completing the financial statement model provided. a. b. C. d. e. f. g. h. Tota 1 Balance Sheet Income Statement Cas + Inventor+Equipmen-Commo +Retaine Revenu - Expens=NI h y t n d Stock Earning