Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. a. b. Balance Sheet Income Statement Statement of Cash Flows Transaction Total Assets Total Liabilities Total Equity Net Income Operating Investing Financing Activities Activities Activities 1. Owner invests $600 cash in business in exchange for stock +600 +600 +600 2. Receives $400 cash for services provided 3. Pays $200 cash for employee wages 4. Buys $330 of equipment on credit 5. Purchases $430 of supplies on credit 6. Buys equipment for $530 cash 7. Pays $370 on accounts payable 8. Provides $570 services on credit 9. Pays $220 cash for dividends 10. Collects $595 cash on accounts receivable