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 Net Income Assets Liabilities Equity +5 NE +5 +5 NE +5 16. +15 NE +15 +15 NE NE +15 +35 --35 --35 d NE NE --35 NE NE NE NE NE +5 NE --5 --5 NE --5 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 Transaction Sold an asset that cost $50 and had $40 accumulated depreciation associated with it for $15 cash 02 ON