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, 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 Income Statement Net Income Total Assets +625 Balance Sheet Total Total Liabilities Equity +625 Statement of Cash Flows Operating Investing Financing Activities Activities Activities +625 1. Owner invests S625 cash in business in exchange for stock 2. Receives $425 cash for services provided 3. Pays $545 cash for employee wages 4. Buys $675 of equipment on credit 5. Purchases $775 of supplies on credit 6. Buys equipment for $875 cash 7. Pays $715 on accounts payable 8. Provides $915 of services on credit 9. Pays $565 cash in dividends 10. Collects $940 cash on accounts receivable