AT DUAL CAMERA SHOT ON MI MIX 25 2)-1 Transaction analysis using FSETS Tianshu Co, began its operation on January 1, 2016. During 2016 it had the following Transactions. The owners invested cash in the business. Provided services to customers for cash. Provided services to customers for on account. Borrowed cash from the Local Bank using a note payable. Incurred cash expenses. 6. Incurred expenses on account. 7. Collected cash from accounts receivables. 8. Paid cash on accounts payables. 9. Purchased land for cash. 10. Made a cash distribution (dividends) to the owners. 11. Accrued unpaid wages of employees at the end of the year. 12. Tianshu repaid the money borrowed from the Local Bank in transaction (4), along with the interest expense that had accrued. Required Explain how each of these transactions would affect Tianshu's financial statements using the FSETs provided below. No dollar amounts are given in the problem, so you only need to indicate if each section of the financial statements increased (1), decreased, (D). 5. or was not affected (N). Also, if cash is involved, indicate if the cash activity should be classified as operating (O), investing (1), or financing (F). The first transaction is done for you as an example, Form for requirement SCF Income Statement Balance Sheet Cash Flow Assets=Liabilities + Equity Revenues - Expenses=Net Earnings I F 1. 1 I 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12