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Cheryl Alder operates her own catering service. Summary financial data for March is presented in the following accounting equation form. Each line, designated by a

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Cheryl Alder operates her own catering service. Summary financial data for March is presented in the following accounting equation form. Each line, designated by a number, indicates the effect of a transaction on the balance sheet. Each increase and decrease in retained earnings, except transaction (4), affects net income. a. Enter the amount for each transaction described below. b. What is the net decrease in cash during the month? c. What is the net increase in retained earnings during the month? d. What is the net income for the month? a. Enter the amount for each transaction described below. b. What is the net decrease in cash during the month? c. What is the net increase in retained earnings during the month? $ d. What is the net income for the month? e. How much of the net income for the month was retained in the business? f. What is the net cash flows from (used for) operating activities? 9. What is the net cash flows from (used for) investing activities? (Enter a net cash outflow as a negative amount.)

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