In each of the following transactions (a) through ( for Catena's Marketing Company, indicate the amounts and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Indicate + for increase. for decrease. (Reductions in account balances should be indicated with a minus sign.) a. Estimated electricity usage at $220 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $5,600 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 12 percent. c. Owed wages to 25 employees who worked six days at $170 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. Income Statement Balance Sheet Liabilities Stockholders Equity Transaction Assets Revenues Expenses Net Income b