Critical Thinking Assignment #1 Cody Mountain Sports (CMS) is an outdoor sporting goods guiding service located in northern Wyoming. CMS primarily provides guiding for common outdoor activities such as rock climbing, hiking, and skiing. CMS completed the following transactions during March of 2021: Mar. 1 CMS Began operations by receiving $120,000 in cash. Mar. 1 Mar. 4 Mar. 15 Mar. 18. Mar. 19 Mar. 22 Mar. 24 Mar. 27 Mar. 31 The business issued shares of common stock in exchange for this contribution. CMS paid $1,400 cash for a 12 month insurance policy. The policy begins Mar. 1. CMS guided a small rock climbing trip, receiving $22,000 payment in cash. CMS guided a hiking adventure, billing the customer $3,500 and received a promise of payment within one week. Accrued employee salaries of $15,000 Purchased fuel for vehicles on account for $900. Collected $3,500 from customer on account. Paid rent on their building, $4,000 cash. Paid $900 cash on account Cash dividends of $2,600 were paid to stockholders, Requirements: 1. Complete the "Normal Balances" tab to test your understanding of debits and credits and how their corresponding accounts are increased or decreased. Think about these concepts as you additionally work through the remaining requirements. Please select the normal balance of each of the following account types, as well as what increases and decreases the account type. Additionally, provide two examples of each type of account. Normal Balance To Increase To Decrease Example 1 Example 2 Asset Expense Dividend Liability Revenue Equity