Lucy buys a $4,000 piano (transaction 4). The purchase is funded by a $1,200 bank loan (transaction 1), the redemption of a $2,600 term deposit (transaction 2) and the sale of $200 worth of corporate bonds (transaction 3), which were bought in the past for $250.

On a scrap paper, represent the changes in Lucys balance sheet resulting from the purchase and funding of her piano. Then use your draft to fill the following multipleblanks. The scrap paper will not be uploaded but needs to be kept for future reference.

The piano is an asset [E] Type Y if true, N if incorrect.

The term deposit is an asset [G] Type Y if true, N if incorrect.

The loan is an asset [H] Type Y if true, N if incorrect.

In net, the balance sheet size changes by [A]. Type a sign + or - followed by one number with no dollar sign. Type 0 (the number zero) if there is no change.

The stock of bonds changes by [B]. Type a sign + or - followed by one number with no dollar sign. Type 0 (the number zero) if there is no change.

The income from the sale of the bonds is [C]. Type a sign + or - followed by one number with no dollar sign. Type 0 (the number zero) if there is no change.

In net, the deposits change by [D]. Type a sign + or - followed by one number with no dollar sign. Type 0 (the number zero) if there is no change.

The equity of Lucy changed by [F]. Type a sign + or - followed by one number with no dollar sign. Type 0 (the number zero) if there is no change.