Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, placea"-" 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 Balance Sheet Statement of Cash Flows Income Statement Net Income Transaction Total Total Liabilities Total Equity Operating Investing Activities Activities Financing Activities Assets 450 -450 450 250 250 250 370 370 -370 370 *500 +500 500 +500 1. Owner invests $450 cash in business in exchange for stock 2. Receives 5250 cash for services provided 3. Pays 5370 cash for employee wages 4. Buys 5500 of equipment on credit 5. Purchases $600 of supplies on credit 6. Buys equipment for 5700 cash 7 Pays 5540 on accounts payable 8. Provides 570 Services on credit 9 Pays 5390 cash for dividends 10. Collects 5765 cash on accounts receivable .-700 -540 500 -390