For each of the items listed below, identify the appropriate financial statement element Item 1 Obligation to transfer cash or other resources as a result of a past transaction 2 Dividends paid by a corporation to its shareholders 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. Sake of an asset used in the operations of a business for less than the assets book value The owners residual interest in the assets of a company 9 An dom owned by the company representing probable future bonests 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 Asset Element Assets, liabilities and equity Comprehensive income Distribution to owners Check my work