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 Total Assets -700 Balance Sheet Total Total Llabilities Equity +700 Income Statement Net Income Statement of Cash Flows Operating Investing Financing Activities Activities Activities +700 1. Owner invests $700 cash in business in exchange for stock 2. Receives $500 cash for services provided 3. Pays $300 cash for employee wages 4. Buys S430 of equipment on credit 5. Purchases $530 of supplies on credit 6. Buys equipment for $630 cash 7. Pays $470 on accounts payable 8. Provides $670 of services on credit 9. Pays $320 cash in dividends 10. Collects $695 cash on accounts receivable