Identify how each of the following separate transactions through 10 affects financial statements. The cells contain the numbers along with their impacts (Increase +, Decrease-, and both +/-). Select the appropriate amount from the cells that describes the transactions 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. Transaction Balance Sheet Total Total Total Assets Liabilities Equity Income Statement Net Income b. Statement of Cash Flows 1 Owner invests $900 cash in business 2 Receives $700 cash for services provided +900 +900 Operating Investing Financing Activities Activities Activities +900 +700 700 +700 3. Pays $500 cash for employee wages -500 500 500 4. Buys $630 of equipment on credit +630 +630 5. Purchases $730 of supplies on credit +730 +730 -730 6. Buys equipment for $830 cash +-830 +830 7 Pays $670 on accounts payable 670 670 8. Provides $870 services on credit 9. Owner withdraws $520 cash 10 Collects $895 cash on accounts receivable +870 520 -895