QUESTION 2 . Record the following transactions in the financial statements effects template below. Income Statement Balance Sheet Liabil. Ne Transaction Cash Asset Noncash Assets Contrib. Capital Earned Rev- Capitalenues Expen- ses ities Incon Purchase $20,000 of inventory on credit Sell all inventory for $36,000 on account Collect $8,000 cash for accounts receivable Pay $6,000 cash toward accounts payable