E Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income. Assets Llabilities + Owner's Equity Cash + Supplies + Land Accounts Payable + Kristoff Walker, Capital Kristoff Walker, Drawing + Fees Earned - Bal 32,400 4,200 81,000 8,700 108,900 1. +37,900 +37,900 -16,200 +16,200 3 -28,200 41,600 +1,600 -2,200 -2,200 -7,800 -7,800 7 -3,200 2 4. 5 6. Bol. 15,900 2,600 97,200 2,500 108,900 -2,200 37,900 a. (1) Select the description for transaction 1 a. (2) Select the description for transaction 2 LE MODE Hature of Transactions ristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a sumber indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income. Assets Llabilities + Owner's Equity Cash + Supplies + Land = Accounts Payable + Kristoff Walker, Capital Kristoff Walker, Drawing + Fees Earned - Expenses Bal 32.100 4,200 81,000 8,700 108,900 1. +37,900 +37,900 2 - 16,200 +16,200 -28,200 -28,200 1 +1,600 +1,600 -2,200 -2,200 -7,500 -7,800 -3,200 -3,200 Bal 15,900 2,600 97,200 (1) Select the description for transaction 1 2,500 108,900 -2,200 37,900 31,400 (2) Select the description for transaction 2 (3) a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6. a. (7) Select the description for transaction 7 b. What is the amount of the net decrease in cash during the month? Chauthent b. What is the amount of the net decrease in cash during the month? c. What is the amount of the net increase in owner's equity during the month? d. What is the amount of the net income for the month? e. How much of the net income for the month was retained in the business