Balances, February 28 Statement of Cash Flows Income Statement a. Financing b. Operating d. Operating e. Operating f. Financing Increase in cash $25,1254,20037,57024,9558,17525,365 d. Fees earned e. Wages expense e. Rent expense e. Utilities expense e. Miscellaneous expense a1. a2. . Insurance expense Prepaid insurance No effect Terry Mason organized The Fifth Season at the beginning of February 20Y4. During February, The Fifth Season entered into the following transactions: a. Terry Mason invested $25,125 in The Fifth Season in exchange for common stock. b. Paid $4,200 on February 1 for an insurance premium on a 1 -year policy. c. Purchased supplies on account, $2,100. d. Received fees of $37,570 during February. e. Paid expenses as follows: wages, $18,600; rent, $3,100; utilities, $1,550; and miscellaneous, $1,705. f. Paid dividends of $8,175. The transactions above have already been recorded in the integrated financial statement framework below. decreases as negative amounts. Income Statement d. Fees earned e. Wages expense e. Rent expense e. Utilities expense e. Miscellaneous expense a1. a2. Dividends Supplies Supplies expense No effect $37,570 18,600 3,100 1,550 1,705 Income Statement d. Fees earned e. Wages expense e. Rent expense e. Utilities expense e. Miscellaneous expense a1. a2. $37,570 18,600 3,100 1,550 1,705 Net income Net loss No effect