Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = I Decrease = D No Effect = NA (Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Sokolov Company recognized $2,500 of depreciation expense on a delivery van. Assets Liabilities Stk. Equity Revenues Expenses Net Stmt. of Income Cash Flows The Sokolov Company paid $28,000 to improve the quality of a manufacturing machine. Assets Liabilities Stk. Equity Revenues Expenses Net Stmt. of Income Cash Flows