Illustrate the effects on the accounts and financial statements of the following related transactions of Bigsur Inc. If no account or activity is affected, select "No effect" from the dro list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Purchased $200,000 of merchandise from Central Coast Co. on account, terms 1/10, n/30. Balance Sheet Assets = Liabilities + Stockholders' Equity No Effect + Inventory = Accounts Payable + No Effect Statement of Cash Flows No effect b. Paid the amount owed on the invoice within the discount period. Income Statement No effect Balance Sheet Assets = Liabilities + Stockholders' Equity Cash + No Effect = Accounts Payable + No Effect Statement of Cash Flows Operating Income Statement No effect