reach of the items listed below, identify the appropriate financial statement element. Item Element Obligation to transfer cash or other resources as a result of a past transaction. Dividends paid by a corporation to its shareholders. Inflow of an asset from providing a good or service. The financial position of a company. Increase in equity during a period from nonowner transactions. Increase in equity from peripheral or incidental transaction. Sale of an asset used in the operations of a business for less than the asset's book value. The owners' residual interest in the assets of a company. An item owned by the company representing probable future benefits. Revenues plus gains less expenses and losses. An owner's contribution of cash to a corporation in exchange for ownership shares of stock. Outflow of an asset related to the production of revenue