Given below is a table listing six unique combinations of financial statement effects (I is for increase, D is for decrease, and NE is for no effect). Choose the appropriate letter from the table that indicates the effects of the transactions given below on the various elements of the financial statements. Transaction Revenue Expenses Assets Liabilities Owners' Equity a. NE I NE I D b. NE I D NE D C. NE NE D NE D d. NE NE I NE e. NE I NE f. NE NE NE NE NE 2. Billed clients $20,000 on account. 3. 1. Issued capital stock in exchange for $50,000 cash. Placed a $300 advertisement in the local newspaper. The entire amount is due in 30 days. 4. Collected $100 on account from clients. 5. Recorded and paid a $12,000 dividend. 6. Recorded and paid salaries of $15,000