During the financial year ended 31 December 2022 , the following were some of the many transactions that occurred for Manly Ltd. Assume that each transaction is independent of the others. 1. Purchased $600,000 of inventory; paid 30% with cash and the remainder on credit. 2. Made credit sales of $870,000 (payment to be received in the next financial year) and $50,000 cash sales; the cost of the products sold was $550,000. 3. In November, Manly Ltd received an order from Coogee Ltd to deliver products in February 2023. The agreed sales price is $100,000, the products will cost Manly Ltd $75,000 and a $20,000 deposit was received. 4. Collected $720,000 cash owing from customers. 5. Received an invoice for legal services in December 2022 for $20,000 covering work completed in December 2022. The invoice will be paid in February 2023. 6. Paid $320,000 in wages to employees during the year; at year end wages of $25,000 are owed to employees for work done in December 2022 to be paid in January 2023. For each of the above transactions, events, or facts, in the table below indicate the impact on revenues, expenses, total assets and total liabilities during the financial year ended 31 December 2022. Do this by placing a+ or - sign (+ for increase, - for decrease) to indicate direction in the appropriate box and include dollar amounts. Write NE if there is no effect. Be sure to place an answer in every box unless crossed out