Transaction 1. Owner invests $900 cash in business 2. Receives $700 cash for services provided 3. Pays $500 cash for employee wages 4. Incurs $100 legal costs on credit 5. Purchases $200 of supplies on credit 6. Buys equipment for $300 cash 7. Pays $200 on accounts payable 8. Provides $400 services on credit 9. Owner withdraws $50 cash 10. Collects $400 cash on accounts receivable Required: Total Balance Sheet Total Assets Liabilities +900 Income Statement of Cash Flows Statement Total Equity +900 Net Income Operating Investing Financing Activities Activities Activities +900 a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities