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Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Purchased inventory on account, $10,000. b. Rendered services to clients on account, $12,000. c. Paid wages for the week, $1,600. d. Collected $8,000 from clients on account. Notes: Use negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease amount in the row directly below