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DKAM UUR NEIGHBOR'S PAPER) - in the columns below, indicate whether each transaction caused an an increase ), or no change (NC) in assets, liabilities, and owner's equity. (20%) Transaction Liabilities ), a decrease 1. Investment by owner 2. Paid cash on account Assets Owner's Equity 3. Purchase office Supplies on Account 4. Collection of accounts receivable 5. Withdrawal of cash by owner 6. Billed customers for services performed 7. Paid rent expense 8. Paid cash on accounts payable 9. Purchased equipment; signed a note payable 10. Borrowed money from the bank 2. Use the following accounts and information to prepare, in good form, an income statement. statement of owner's equity, and balance sheet for Talbot Industries for the month ended July 31, 2017. (45%) Accounts Payable Accounts Receivable Buildings Cash Commissions Earned Andreas Talbot, Capital, July 1, 2017 $ 3,100 1,400 22,000 15,600 22,700 $ 8,000 Andreas Talbot, Withdrawals Insurance Expense Land Notes Payable Rent Expense Salaries Expense 2,200 77,900 45,000 3,300 2,400 10,000 Supplies 400