+ a e 2. Consider the effects of the independent transactions on a company's balance sheet, income statement and statement of cash flows. Complete the table below to explain the effect and financial statement linkages. Use + to indicate the account increases and - to indicate the account decreases. b d f h j k Balance Sheet Cash Noncash assets Total liabilities Contributed capital Retained earnings Other equity Statement of Cash Flows Operating cash flow Investing cash flow Financing cash flow Income Statement Revenues Expenses Net income Statement of Stockholders' Equity Contributed Capital Retained Earnings a. Owners invested cash in the company in exchange for shares of common stock. b. The company received cash from the bank for a loan. The company purchased equipment to manufacture goods for sale and paid with cash. c. e. d. The company manufactured a custom piece of inventory and paid cash for materials and labor. The company sold the inventory for more than cost, and the customer promised to pay for the inventory in 30 days. The company paid monthly rent for a manufacturing space. f. The company paid cash dividends to the owners. g. The company received cash from the transaction in d. h. Wages are earned by employees but not yet paid. i. Equipment is acquired for cash. j. Paid cash toward a note payable that came due. k. Paid cash for interest on borrowings