a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the incomestatement, identify how each transaction affects net income.b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows frominvesting activities, and cash flows from financing activities.a.b.IncomeTransactionBalance SheetStatement of Cash FlowsStatementTotalTotalTotalNetOperatingInvestingFinancingAssetsLiabilitiesEquityIncomeActivitiesActivitiesActivities1. Owner invests $900 cash in business+900+900+9002. Receives $700 cash for services provided3. Pays $500 cash for employee wages4. Buys $100 of equipment on credit5. Purchases $200 of supplies on credit6. Buys equipment for $300 cash7. Pays $200 on accounts payable8. Provides $400 services on credit9. Owner withdraws $50 cash10. Collects $400 cash on accounts receivable