4. Record the following transactions in the financial statements effects template below (15 points) Balance Sheet Income Statement Transaction Liabil Cash Asset + Noncas h Assets Earned + Contrib. Capital Rev- Net ities Expen- ses = Capital enues Income Purchase $30,000 of inventory on credit Sell all inventory for $56,000 on account Collect $18,000 cash for accounts receivable = = Pay $16,000 cash toward accounts payable =