According to a recent annual report of The Wendy's Company, it "is the world's third largest quick-service restaurant company in the hamburger sandwich segment" with more than 6,700 restaurants worldwide. The company owns and operates about 5 percent of the restaurants and sells franchises for the other 95 percent. The following activities were inferred from a recent annual report. a. Purchased food and paper products; paid part in cash and the rest on account. b. Purchased additional investments. c. Incurred restaurant operating costs in company-owned facilities; paid part in cash and the rest on account. d. Served food to customers for cash. e. Used food and paper products. f. Paid cash dividends. g. Sold franchises, receiving part in cash and the rest in notes due from franchisees. h. Paid interest on debt incurred and due during the period. Required: 1. and 2. For each of the transactions, complete the tabulation, indicating the effect (+ for increase and - for decrease, +/- for increase and decrease) of each transaction. (Remember that Assets Liabilities + Stockholders' Equity; Revenue - Expenses = Net Income; and Net Income affects Stockholders' Equity through Retained Earnings.) Also indicate "Operating" or "Investing" or "Financing" as appropriate for each transaction. If there is no effect on an element of the financial statements, select "No effect". The first transaction is provided as an example. Balance Sheet Income Statement Transaction Assets Liabilities Stockholders' Equity Revenues Expenses a. +/- No Effect No Effect No Effect Net Income No Effect Statement of Cash Flows Operating b. C. d. e. f. g. h