The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is: + = increase; -- = decrease; NE = no effect. Revenue/Gain Expense/Loss +100 Net Income a NE Assets Liabilities b. -- 100 NE +50 Equity -- 100 NE +150 C NE NE +150 +150 +150 d. NE --150 NE NE NE e. +150 NE NE --150 +50 NE --50 NE +100 NE Match the effect that the transaction below has on a company's Income Statement and Balance Sheet. Choose (a), (b), (c), (d), or (e) from the grid above. For example, if the transaction is "Collected cash on accounts receivable, the correct answer is (d) because there is no effect on revenue, expense, net income, overall assets, liabilities, or equity +150 --50 Transaction: Purchased a patent for $100 and incurred research and development costs of $50. The total cost of $150 was put on account. Ignore any amortization