Nature of Transactions Cheryl Alder operates her own catering service. Summary financial data for March is presented in the following accounting equation form. Each line, designated by a number, indicates the effect of a transaction on the balance sheet. Each increase and decrease in retained earnings, except transaction (4), affects net income. Capital Stock + Cash + Land Liabilities + Bal. 38,100 10,600 16,000 1. 28,600 2. (21,600) 21,600 3. (17,600) 4. (1,000) Bal. 26,500 32,200 16,000 22,100 Retained Earnings 10,600 28,600 (17,600) (1,000) a. Enter the amount for each transaction described below. 1. Provided catering services for cash 2. Purchased land for cash 3. Paid expenses 4. Paid cash as dividends 22,100 20,600 $1.0000 b. What is the net decrease in cash during the month? c. What is the net increase in retained earnings during the month? d. What is the net income for the month? 0000 1. Provided catering services for cash 2. Purchased land for cash 3. Paid expenses 4. Paid cash as dividends b. What is the net decrease in cash during the month? c. What is the net increase in retained earnings during the month? d. What is the net income for the month? e. How much of the net income for the month was retained in the business? f. What is the net cash flows from (used for) operating activities? 9. What is the net cash flows from (used for) Investing activities? (Enter a net cash outflow as a negative amount.) h. What is the net cash flows from (used for) financing activities? (Enter a net cash outflow as a negative amount.)