Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Paid $3,000 for six months rent, in advance. b. Borrowed $37,500 from a bank. c. Received an invoice for utilities used during the current month, $600. d. Paid dividends to stockholders, $18,750. Instructions Use negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease amount in the row directly below. Transaction Assets = Balance Sheet Liabilities + Stockholders' Equity Revenues Income Statement - Expenses = Net Income