A. Specify the impact that each of the following 10 events would have on the fundamental accounting equation (Assets = Liabilities + Equity). Please assume the accrual method of accounting is used as required by GAAP. The first transaction has been completed for you as an example. Be sure to specify "Not Affected" or "N/A" for each element of the accounting equation that is not impacted. If an element is affected and the overall total will remain the same, then specify "Unchanged" or "No Net Change." . B. Prepare an Income Statement and Balance Sheet based on the transactions that occurred during the fiscal period. Greebes, Inc. First Year [20x1] Events 1. Ms. S. Tartup founded Greebes, Inc. by issuing shares of capital stock for $75,000 on January 1, 20x1. (Answer: Assets [cash] increased by $75,000; Liabilities are not affected; Equity [Capital Stock] increased by $75,000.) 2. Greebes, Inc. purchased equipment costing $60,000. A cash down payment of $6,000 is made upon delivery of the equipment, and a 2 -year note for $54,000 was signed for the remaining balance of the purchase price. No interest will accrue in the year of purchases, and principal payments do not start until January 1,202. 3. Greebes, Inc. purchased merchandise for resale, all on account, for $36,000 during the year. 4. Greebes, Inc. sold merchandise costing $26,000 for $42,000. All sales ar on accou00nt. 5. Greebes, Inc. collected $33,000 of cash on accounts (from customers) during the year. 6. Greebes, Inc. disbursed cash of $25,000 to creditors (on account) durin the year. 7. Greebes, Inc. disbursed cash of $9,400 for miscellaneous operating expenses during the year. 8. Greebes, Inc. recognized depreciation expense for the year of $2,600. 9. Greebes, Inc. declared $1,200 of dividends during the year. Dividend payments will occur on March 1, 202. 10. Greebes, Inc. receives a request from a customer to begin delivering $20,000 of inventory starting in April, 202