dentify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place aand the dollar amount in the column or columns. For decreases, place a - and the dollar amount in the column or columns Some cells may contain both an increase (+) and a decrease (-) along with the dollar amounts. The first transaction is completed as an example Required: a. For the balance sheet, identify how dentify how each transaction affcts net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing actvities and cash flows from financing activities each transaction affects total assets, total liabilities, and total equity. For the income statement. Income Statement Balance Sheet Statement of Cash Flows Total Total Total Net Operating Investing Financing Transaction ities +900 Owner invests $900 cash in businessin exchange for stock +900 +900 2 Receives $700 cash for services provided 3Pays $500 cash for employee wages Incurs $100 legal costs on credt 5 Purchases $200 of supplies on credt Buys equipment for $300 cash 7 Pays $200 on accounts payable 8 Provides $400 services on credit 9 Pays $50 cash for dividends Collects $400 cash on accounts receivable