E2-15A. (Learning Objective 1, 3: Analyzing transactions) The following selected events were experienced by either Solution Seekers, Inc., a corporation, or Paul Flynn, the major shareholder . State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asset affected. a. Received $9,100 cash from customers on account. b. Flynn used personal funds to purchase a theater system for his home. c. Sold land and received cash of $55,000 (the land was carried on the company's books $55,000). 01-5 d. Borrowed $75,000. e. Made cash purchase of land for a building site, $85,000. doqqu bila f. Received $20,000 cash and issued shares to a shareholder. g. Paid $65,000 cash on accounts payable. Toto orbe h. Purchased equipment and signed a $103,500 promissory note in payment. i. Purchased merchandise inventory on account for $10,000. j. The business paid Flynn a cash dividend of $4,500