Part 1 - For each transaction, indicate the change, if any, in total assets and total equity:

Part 2

Prove the accuracy of your responses on the transaction analysis tab (above) by selecting the account titles reported on the income statement below:

Smith Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock nvestments with insignificant influence. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Smith Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity