Olive Enterprises experienced the following events during 2016: 1. Acquired cash from the issue of common stock. 2. Paid cash to reduce the principal on a bank note. 3. Sold land for cash at an amount equal to its cost 4. Provided services to clients for cash. 5. Paid utilities expenses with cash. 6. Paid a cash dividend to the stockholders. Required Indicate which of the above events occur in the equation by selecting the letter "1" for increase, the letter "D" for decrease, "VD' for increase and decrease in a particular component, and "NA" for does not affect under each of the components of the accounting equation. The first event is shown as an example. Event Number OLIVE ENTERPRISES Accounting Equation Stockholders' Equity = Liabilities + Common Retained Stock Earnings NA Assets Olive Enterprises experienced the following events during 2016: 1. Acquired cash from the issue of common stock. 2. Paid cash to reduce the principal on a bank note. 3. Sold land for cash at an amount equal to its cost 4. Provided services to clients for cash. 5. Paid utilities expenses with cash. 6. Paid a cash dividend to the stockholders. Required Indicate which of the above events occur in the equation by selecting the letter "l' for increase, the letter "D" for decrease, "VD' for increase and decrease in a particular component, and "NA" for does not affect under each of the components of the accounting equation. The first event is shown as an example. Event Number OLIVE ENTERPRISES Accounting Equation Stockholders' Equity = Liabilities + Common Retained Stock Earnings NA Assets UN