1) Using cheek marks, identify the finau cial statement(s) on which each accounts appear of the follow ing items/ Shareholders' Equity Balance Sheet Incon!.. Stute u Iten Asset Liability Shareholder Equity Sales Revenue Unearned Revenue Notes Payable Retained Earnings Accounts Receivable Income Tax Expense Pre-paid Rent Land Cash Dividends 2) Circle the one correct answer for each of the following two statements: t the end of Celebrity Imports' first yearoperations, assets are $750,000 and owners' equity is S680.000. ) The business' liabilities are S70,000. b. The owner must have invested $750,000 to start the business. c. The business' liabilities are $1.430,000. d. The business must be operating profitably. y hedl arier o a a . Assets are unchanged, liabilities and stockholders' equity both increased by S1 million. b Assets are unchanged, liabilities increase by S1 million, contributed capital decreases by S1 c. Assets decrease by SI million, liabilities are unchanged, contributed capital decreases by S1 d. Assets decrease by S1 million, liabilities decrease by S1 million, stockholders' equity is million. million unchanged