Identify how each of the following separate transactions / through 10 affects financial statements. For PROBLEM SET A 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 (-) Problem 1-1A along with dollar amounts. The first transaction is completed as an example. Identifying effects of Required transactions on financial statements a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total eq uity. For the income statement, identify how each transaction affects net income. A1 P1 b. For the statement of cash flows, identify how each transaction affects cash flows from operating ac- tivities, cash flows from investing activities, and cash flows from financing activities. Income Statement Balance Sheet Statement of Cash Flows Total Assets Total Lab. Total Equity Net Income Operating Activities Investing Activities Financing Activities 1 +900 +900 +300 2 3 4 5 Transaction Owner invests 5900 cash in business in exchange for stock Receives 5700 cash for services provided Pays 3500 cash for employee wages Buys $100 of equipment on credit Purchases $200 of supplies on credit Buys equipment for $300 cash Pays $200 on accounts payable Provides $400 services on credit Pays $50 cash in dividends Collects $400 cash on accounts receivable 6 7 8 9 10