What is the effect of the following transactions on the financial statement indicated below? Please use the following code to indicate your answers: If the transaction results in an increase in the financial statement component. If the transaction results in a decrease in the financial statement component. If the transaction does not affect the financial statement component. Transaction 1: The adjusting journal entry to record depreciation expense was prepared. Net income Total assets Stockholders' equity Transaction 2: The adjusting journal entry to record patent amortization expense was prepared. Net income Total assets Stockholders' equity Transaction 3: A depreciable asset was sold for a gain. Net income Total assets Stockholders' equity Transaction 4: The adjusting journal entry to record an impairment loss was prepared. Net income Total assets Stockholders' equity