Required How each of the following events or series of events and the related adjusting entry will affect the amount 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, decrease, or NA) and the amount of the change. 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. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.) a. Paid $2,400 cash on October 1 to purchase a one-year insurance policy b. Purchased $1,300 of supplies on account. Paid $800 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $250. c. Provided services for $7,800 cash. d. Collected $9,200 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 year. e. Accrued salaries amounting to $3,500. f. Sold land that cost $18,500 for $18,500 cash. g. Acquired $45,500 cash from the issue of common stock h. Earned $11,600 of revenue on account. Collected $10,440 cash from accounts receivable. i. Paid cash for other operating expenses of $1,300 Cash Flows from Operating Activities Net Income Event Adjustment Direction of Amount of Direction of Amount of Channe Channo Channe Channa Net Income Event/ Operating Activities Adjustment Direction of Amount of Direction of Amount of Change Change NA Decrease Change Change $ 2,400 NA Decrease Adj 600 NA NA Adj Adj d. Adj Adj Adj 9 Adj h. Adj