Identify how each of the following separate transactions 1 through 10 affects financial statements ncreases. place a"+" and the dollar amount in the column or columns. For decreases, place a "-"a For and the rease (-) columns. Some cells may contain both an increase (+) and a dec dollar amount in the column or 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 eo. Problem 1-18 ldentifying effects of transactions on fnancial A1 P1 uity. 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 ac- tivities, cash flows from investing activities, and cash flows from financing activities. b. Income Statement Statement of Cash Flows Balance Sheet OperatingI Investing Financing Activities Total Total Net Total Assets Liab. Equity Income Activities Transaction 1 Owner invests $800 cash in business in exchange for stock +800 +800 +800 2Purchases $100 of supplies on credit 3 Buys equipment for $400 cash Provides services for $900 cash 5 Pays $400 cash for rent incurred 6 Incurs $200 utilibies costs on credit 7Pays $300 cash for woages incured 8 Pays $50 cash for dividends 9 Provides $600 services on credit 10 Collects $800 cash on accounts receivable