Ex(1)-2 Transaction analysis using FSETS Commonwealth Co. began its operation on January 1, 2018. During 2018 it had the following transactions: a. The owners invested cash in the business. b. Provided services to customers for cash. c. Borrowed cash from the Local Bank. d. Incurred cash expenses. e. Purchased land for cash. f. Made a cash distribution to the owners. g. Commonwealth repaid the money borrowed from the Local Bank. (Assume no interest charges). ON MI MIX 25 L CAMERA 35 Required Explain how each of these transactions would affect Commonwealth's financial statements using the FSETs provided below. No dollar amounts are given in the problem, so you only need to indicate if each section of the financial statements increased (1), decreased, (D), or was not affected (N). Also, if cash is involved. indicate if the cash activity should be classified as operating (0), investing (1), or financing (F). The first transaction is done for you as an example, Form for requirement Balance Sheet Income Statement SCF Assets Liabilities + Equity Revenues-Expenses=Net Earnings Cash Flow a 1 1 F b d e f 09 SHOT ON MI MIX 25 AI DUAL CAMERA (1) 3 Transaction analusis and