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. Transaction Balance Sheet Total Total Assets Liabilities 1. Owner invests $900 cash in business in exchange for stock +900 Total Equity Income +900 Income Statement Net Statement of Cash Flows Operating Investing Financing Activities Activities Activities +900 2. Receives $700 cash for services provided 700 +700 +700 +700 3. Pays $500 cash for employee wages -500 500 -500 -500 4. Buys $630 of equipment on credit +630 +630 -630 5. Purchases $730 of supplies on credit 6. Buys equipment for $830 cash +730 730 -730 -830 -830 7. Pays $670 on accounts payable 8. Provides $870 of services on credit -670 -670 -670 +870 +870 +870 +870 9. Pays $520 cash in dividends 10. Collects $895 cash on accounts receivable -520 -520 -895 -520 +895