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Nature of Transactions Ten West operates her own Catering ke Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders equity, except transaction (5), affects net income . Stockholders' Equity Retained Earnings Dividends + Fees Earned Expenses 65,000 36,500 27,100 Assets Liabilities Cash + Supplies + Land = Accounts Payable Capital Stock Bal 31,200 4,100 78,000 1,400 39,900 1. +36,500 2 -15,600 +15,600 3. -27.100 4 +1,600 1,600 -2,100 6 - 2,500 7,500 2 3,100 Bal 15,400 2,000 93,000 2.500 39,000 (1) Select the descripbon for transaction 1 2.100 3,100 05,000 2,100 36,500 30,200 a. (2) Select the description for transaction a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2 a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5. a. (6) Select the description for transaction 6 a. (1) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number c. What is the amount of the net increase in stockholders' equity during the month? a. (6) Select the description for transaction 6. a. (7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrea $ c. What is the amount of the net increase in stockholders' equity during the month $ d. What is the amount of the net income for the month? $ a e. How much of the net income for the month was retained in the business? $