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Analyzing Transactions using the Financial Statement Effects Template Report the effects for each of the following independent transactions using the financial statement effects template. Remember to use negative signs with your answers, when appropriate. Balance Sheet Income Statement Noncash Assets Contributed Capital 20,000 + Earned Capital Liabilities + 0 + 0 + + Revenue - 0 0 - 0 Expenses = Net Income 0 = 0 0 = 0 0 + 0 0 - 0 Transaction (a) Issue common stock for $20,000 cash. (b) Pay $2,000 rent in advance. (C) Purchase computer equipment for $7,000 cash. (d) Purchase and receive $13,000 of Inventory on account (I.e., pay supplier later). (e) Pay supplier of inventory in part (d). Cash Asset + 20,000+ (2.000) + (7,000) + 0 + (13,000) 0 = 2,000 = 7,000 - 13,000 = 0 + 0 + 0 0 0 - 0 = 0 0 + O 0 0 = 0 13,000 + (13,000) + 0 0- 0 = 0 + 0 0 = 0