Analyze the following two transactions and describe for each one what area of activity would be affected, how it would be affected (increase/decrease), and by what amount each area would be affected. 1. Furniture costing $16,000 with a book value of $11,400 is sold for $9,500. 2. Issued 20,000 shares of $5 par common stock for building, $70,000, and equipment, $40,000