SAN SUUTE Check my work 2 How would each of the following events affect the total assets on the firm's balance sheet? State whether each change is a source or use of cash 10 points not increase 1. An automobile manufacturer increases production in response to a forecast increase in demand. Unfortunately, the demand dons b. Competition forces the firm to give customers more time to pay for their purchases. C. The firm sells a parcel of land for $100,000 The land was purchased 5 years earlier for $200.000 d. The firm repurchases its own common stock e. The firm pays its quarterly dividend. The firm issues $1 million of long-term debt and uses the proceeds to repay a short-term bank loan AL Effect on Total Assets Source or Use of Cash RAPP