Presented in the bar chart below are a company's total assets, total lisbilities, and total stockholders' equity after each of five transactions in its first year of business. The bar on the left is total assets, and the stocked bar on the right includes total lisbilities and total stockholders' equity. Beginning belances prior to Transaction 1 ere $0. Answer the following questions: Assets, Liabilities, and Stockholders' Equity After Five Transactions $120,000 $100,000 S80,000 Assets Liabilities Stockholders' Equity 56000 S40,000 $20,000 50 Beg - 50 2 3 Transactions Click here to open the graphs in a new tab. Required: 1. Trenssction 1 depicts the issuance of common stock for cash. How does this transaction affect the sccounting equation? 2a. How does Transaction 2 affect the accounting equation? 25. Which of the following transaction descriptions is depicted by Transaction 2? 3a. How does Transaction 3 affect the accounting equation? 3b. Which of the following transaction descriptions is depicted by Transaction 3? 4a. How does Transaction 4 affect the accounting equation? 4b. Which of the following transaction descriptions is depicted by Transaction 42 5a. How does Transaction 5 affect the accounting equation? 5b. Which of the following transaction descriptions is depicted by Transaction 52 6. What is true after each of the five transactions? Complete this question by entering your answers in the tabs below. Req1 Req 2A Rey 28 Req 3A Req 38 Req 4A Req 4B Req SA Reg 58 Reg 6 Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation? Assets Llabilities Stockholders' Equity RO Req 2 > Increase Decrease No Effect