Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as a transaction on the equation. Each Increase and decrease in owners equlity, except transaction (5), affects net income follows. Each line designated by a number indicates the effect of Liabilities+ Accounts Payable + Kristoff walker, capital . Kristoff walker, Drawing + Fees tarned . Expenses Owner's Equity Cash + Supplies+Land Payable+ Bal. 29,900 3,900 74,800 1 +35,000 2 15,000 3. 26,000 8,100 100,500 35,000 +15,000 26,000 +1,500 +1,500 2,000 s. 2,000 6. 7,200 -7,200 3,000 -3,000 2,000 35,000 2,400 100,500