Explain how the increase in assets by $800 was financed. (Place your answer on the sheets below. If you click near the middle of a sheet, a blinking cursor will appear in the upper left comer of the sheet. If you click on the curled portion of a sheet in the lower right comer, the sheet will be selected so that you can increase or decrease its size.) 2. Which financial statement reports on a company's a) performance and b) financial position? 18 Explain the meaning of these terms. Explain how the company's July income statement, statement of changes in equity and balance sheet are linked. Explain how the increase in assets by $800 was financed. (Place your answer on the sheets below. If you click near the middle of a sheet, a blinking cursor will appear in the upper left comer of the sheet. If you click on the curled portion of a sheet in the lower right comer, the sheet will be selected so that you can increase or decrease its size.) 2. Which financial statement reports on a company's a) performance and b) financial position? 18 Explain the meaning of these terms. Explain how the company's July income statement, statement of changes in equity and balance sheet are linked