ACCT 510: Financial Statement Knowledge Page 8 . Answer all problems presented and provide caleulative support. in its rooal Ine., an equipment manufacturer, began operations on January 1, 2010. Global's transactions in its first year are summarized below: a) Owners contributed $90.000 cash to establish the firm. b) $20,000 cash was used to purchase raw c) $60,000 of merchandise inventory was purchased on acce d) Sales materials inventory totaled $150,000. All sales are made on account. The cost of those sales totaled $50,000. e) $10,800 cash was used to pay rent for the building for the year. f) Utilities in the amount of $7,800 were paid. g) $135,000 of the $150,000 sold in (d) above was collected. h) Salaries and benefits of $80,000 were paid. D One-ha of the mehndie ivetor purchased in (e) above was paid j) Dividends of $10,000 were declared and paid. chapters) Determine the impact of these transactions on the total assets, liabilities, & stockholders' equity for Global for 2010. Be sure to show the total dollar amount of assets, liabilities, & stockholders' equity resulting from the recording of these transactions (in other words, "foot" each column after all transactions have been assessed). As an example: Assume Company provided services to Company B for $10,000 cash. Then the analysis would look something like this: LIABILITIES +EQUITY ASSETS + $10,000 +10,000