QUESTION 1 For each of the following transactions of the Bland Corp., indicate the effect on November's Net Income by entering I for increase, D for decrease and N for no change. a. Bland provides a service to a customer on November 1; the customer pays cash on November 12. b. Bland incurs an expense for utilities for the month of November. The company pays the bill for the utilities on November 30. c. Bland receives a bill for website hosting for the period November 1 to November 30. The company plans to pay the bill on its due date, December 15. d. Bland purchases inventory for cash during the month of November. e. Bland sells 100 units of inventory on November 2. The selling price of the inventory was $15 per unit, and the cost per unit to acquire the inventory on October 27 was $9. f. Bland receives $4,000 cash on November 15 from a customer. In exchange, the company agrees to provide service to the customer in the months of December and January. g. On Nov. 18, Bland uses cash to pay off a $8,000 loan in its entirety.