While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in tota accounting equation shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner w the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare t amount of equity reported on the balance sheet. Impact on Equity Transaction March 1) Hughes invested $219,000 cash along with $24,300 in office equipment in the company. March 2) The company prepaid $12,000 cash for six months rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $5,300 and office supplies for $3,500. Payment is due within 10 days. a March 6) The company completed services for a client and immediately received $6,300 cash. March 9) The company completed a $9,800 project on credit for a client, who must pay within 30 days. March 12) The company paid $8,800 cash to settle the account payable created on March 3. March 19) The company paid $8,500 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22) The company received $5,900 cash as partial payment for the work completed on March 9. March 25) The company completed work for another client for $6,200 on credit March 29) Hughes withdrew $5,800 cash from the company for personal use. March 30) The company purchased $1,300 of additional office supplies on credit March 31) The company paid $1,200 cash for this month's utility bill Total impact on equity Balance Sheet No change in equity Increased equity - Revenue Increased equity - Owner investment Decreased equity - Expense $ 0