Blossom Company had the following selected transactions. 1. Kim Leppard invested $6,337 cash in the business in exchange for common stock. 2. Paid office rent of $1,204. 3. Performed consulting services and billed a client $5,957. 4. Declared and paid a $760 cash dividend. (a) Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' Equity), using plus and minus signs. Assets = Liabilities + Stockholders' Equity V = 1. 2. 3. 4.