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. 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. Element Assets, liabilities and equity Asset Assets, liabilities and equity Comprehensive income Distribution to owners Comprehensive income Assets, liabilities and equity Distribution to owners Assets, liabilities and equity