Transaction Analysis Template Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Paid $4,400 for six months of insurance, in advance. b. Paid $5,500 principal against a note payable. c. Received an invoice for advertising for the current month, $660. d. Paid dividends to stockholders, $33,000. Instructions Use negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease amount in the row directly below. Balance Sheet Stockholders' Equity Revenues Transaction Assets Liabilities a. Paid for six months of insurance, in advance. b. Paid principal against a note payable. c. Received an invoice for advertising for the current month. d. Paid dividends to stockholders. Income Statement Expenses 4400 Net Income