For each of the items listed below, identify the appropriate financial statement eleme

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Item

$1.$ Obligation to transfer cash or other resources as a result of a past transaction.

$2.$ Dividends paid by a corporation to its sharilolders.

$3.$ Inflow of an asset from providing a good or service.

$4.$ The financial position of a company.

$5.$ Increase in equity during a period from nonowner transactions.

$6.$ Increase in equity from peripheral or incidental transaction.

$7.$ Sale of an asset used in the operations of a business for less than the asset's book value.

$8.$ The owners' residual interest in the assets of a company.

$9.$ An item owned by the company representing probable future benefits.

$10.$ Revenues plus gains less expenses and losses.

$11.$ An owner's contribution of cash to a corporation in exchange for ownership shares of stock.

$12.$ Outflow of an asset related to the production of revenue.