Required: Explain how each of the following events or series of events and the related adjusting entry will affect the arnount of net income and the amount of cash flow from operating activities reported on the year-end financial statements. Identify the direction of change (increase or decrease) and the amount of the change. If there is no change, leave the cell blank. Organize your answers according to the following table. The first event is recorded as an example. If an event does not have a related adjusting entry, record only the effects of the event. Note: Not all cells will require entry. Do not round intermediate calculations. a. Paid $2.400 cash on October 1 to purchase a one-year insurance policy. b. Purchased $1,000 of supplies on account. Paid $800 cash on accounts payable, The ending balance in the Supplies account, after adjustment, was $300 c. Provided services for $7.800 cash. d. Collected $9,700 in advance for services to be performed in the future. The contract called for services to start on May 1 and to continue for one yeac e. Accrued solaries amounting to $4,400 : t. Sold tand that cost $17,400 for $17,400 cash. g. Acquired $48,500 cosh from the issue of common stock. h. Earned $10700 of revenue on account. Collected $9,630 carsh trom accounts recelvable 1. Pad cash for other operating expenses of 51,450 . h. Earned $10,700 of revenue on account Collected $9,630 cash from accounts fecelvable. i. Paid cash for other operating expenses of $1,450