Home Work 1 The following selected transactions were completed by Salvo Delivery Service during February: 1. Received cash from owner as additional investment in exchange for common stock, $35.000. 2. Paid creditors on account, $1.800. 3. Billed customers for delivery services on account, $11,250. 4. Received cash from customers on account, $6,740. 5. Paid dividends, $1.000. Requirements: Indicate the effect of each transaction on the following accounting equation elements: Assets, Liabilities, Common Stock Dividends, Revenue, and Expense. To illustrate, the answer to (1) follows: (1) Asset (Cash) increases by $35,000; Common Stock increases by $35,000