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 Net Transaction Total Assets +350 Total Liabilities Total Equity +350 Income Operating Investing Financing Activities Activities Activities +350 1 Owner invests $350 cash in business in exchange for stock 2. Receives $150 cash for services provided 3. Pays $270 cash for employee wages 4. Buys $400 of equipment on credit 5. Purchases $500 of supplies on credit 6. Buys equipment for $600 cash 7. Pays $440 on accounts payable 8. Provides $640 services on credit 9. Pays $290 cash for dividends 10. Collects $665 cash on accounts receivable