Examine the financial statements effects template below. Then select the answer that best describes the transaction. Income Statement Balance Sheet Net Cash Noncash Liabil- Contrib. Earned Rev. Expen- Transaction Asset Assets ities Capital Capitalenues + + + ses Income ?? -240 +240 = Select one: O a collect cash for accounts receivable of 5240 b. Parchate inventory of 240 on account Purchase inventory of 1240 for cath Od Repay accounts payable of 5240 with canh