Revenue/Gain Expense/Loss Net Income Assets Liabilities. Equity 1. NE NE NE +5,000 +5,000 NE 11. NE +4,000 --4,000 +1,000 +5,000 --4,000 III. NE +5,000 --5,000 NE +5,000 --5,000 IV. NE V. NE NE +1,000 NE NE NE NE --1,000 +4,000 +5,000 --1,000 Match the effect that the transaction below would have on Cathy Company's Income Statement and Balance Sheet. Choose (I), (II), (III), (IV), or (V) from the grid. For example, if the transaction were "Collected cash on accounts receivable," the correct answer would be (IV) because there is no effect on revenue, expense, net income, overall assets, liabilities, or equity. Transaction: Recorded interest payable for the year of $5,000 on all outstanding debt. $4,000 of the $5,000 is interest computed on the weighted-average accumulated expenditures (WAAE) for a building the company is constructing for its own use. Oll OV O IV 1