For each of the following transactions, indicate how (i) net earnings and (ii) cash flows are affected. For each, state whether there will be an increase, a decrease, or no effect, and the amount (if any):

a. Issued shares to investors for $60,000.

b. Purchased inventory from suppliers for $2,500, on account.

c. Purchased office supplies for $500.

d. Sold a unit of inventory for $500, on account. The unit had cost $300 and was already in inventory prior to its sale.

e. Purchased equipment for $10,000 cash.

f. Made a payment of $1,000 on accounts payable.

g. Used $300 of the supplies purchased in transaction (c).

h. Received a payment of $700 from a customer for inventory previously sold on account.

i. Declared (but did not yet pay) a dividend of $2,000.

j. Paid the $2,000 dividend that was declared above.

k. Depreciated equipment by $500.