Candy Winter opens a research services business near a college campus. She names the corporation Winter Research Inc. During the first month of operations, January 2020, the business engages in these transactions. (Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of Winter Research Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of Winter Research Inc. after recording the transactions. Indicate the relationships within the statements that link them together. Requirement 1. Analyze the preceding transactions in terms of their effects on the accounting equation of Winter Research Inc. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the table, leave the box empty; do not select a label or enter a zero. Enter the transactions in the same order as they appear in the transaction list.) Type of Shareholders' Shareholders' Equity Equity Transaction Common Retained Payable + Shares + Earnings Assets Office Liabilities Accounts Cash + Supplies + Land = (a) (b) Transactions X Choose f a. Winter Research Inc. issues common shares to Candy Winter, who invests $27,000 to open the business. b. The company purchases, on account, office supplies costing $380. c. Winter Research Inc. pays cash of $19,000 to acquire a lot near the campus. The company intends to use the land as a building site for a business office. d. Winter Research Inc. performs services for clients and receives cash of $2,800. e. Winter Research Inc. pays $60 on the account payable from transaction (b). f. Candy Winter pays $1,800 in personal funds for a vacation. g. Winter Research Inc. pays cash expenses for office rent ($370) and utilities ($105). h. The business sells a small parcel of the land it purchased for its cost of $5,500. i. The business declares and pays a cash dividend of $1,400. 10 par rem Print Done 2