Complete the following table showing the impact of each independent transaction on total assets, total liabilities, total shareholders equity, and cash flow from operations.

Required: Use (+) to show an increase, () to show a decrease and NC if there is no change

		Total Assets	Total Liabilities	Shareholders Equity	Cash from operations
1.	Issued common shares in exchange for a building.
2.	Purchased inventory on account.
3.	Declared and paid a cash dividend to common shareholders.
4.	Borrowed money from the bank.
5.	Paid for inventory purchased on account.
6.	Converted an account payable into a note payable (ignore interest expense).
7.	Made the final payment on a finance lease.
8.	Recorded cost of goods sold. Amounts previously recorded in inventory.