Accrual Basis of Accounting Margie Van Epps established Health Services, P.C., a professional corporation, in March of the current year. Health Services offers healthy living advice to its clients. The effect of each transaction on the balance sheet and the balances after each transaction for March are as follows. Each increase or decrease in stockholders' equity, except transaction (h), affects net income. Balance Assets Liabiliti Statement of Cash Flows Cash + Accounts Receivable + Supplies Accounts Pa a 35,000 b 1,800