Complete the following table by indicating the effects of the following transactions on the balance sheet. Do so by recording an I for an increase, a D for a decrease, and NC for no change in assets, liabilities, and shareholders' equity for each transaction. 1. Acquired inventory for cash. 2. Purchased equipment on credit. 3. Earned revenue (receiving a promise from the customer to pay at a later date) by providing consulting services. 4. Received cash by selling stock. 5. Paid for the equipment purchased in number 2 above. Transaction Assets Liabilities Shareholders' Equity 1. 2. 4. 5