The options for numbers 1-7 are in a picture below.

Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (5), affects net income. a. (1) Select the description for transaction 1. a. (2) Select the description for transaction 2. a. (3) Select the description for transaction 3. a. (4) Select the description for transaction 4. a. (5) Select the description for transaction 5 . a. (6) Select the description for transaction 6 . a. (7) Select the description for transaction 7. b. What is the amount of the net decrease in cash during the month? Enter decrease as a positive number. $ c. What is the amount of the net increase in stockholders' equity during the month? $ d. What is the amount of the net income for the month? $ e. How much of the net income for the month was retained in the business? $ Paid cash dividends. Payment of cash to creditors. Payment of cash for expenses. Provided catering services for cash. Purchase of land for cash. Purchase of supplies on account. Recognition of cost of supplies used