Please help me answer the attached question for accounting.

Problem 1 Required: Identify the financial statement on which each of the following items appears by making an X in the appropriate column. The first one is done for you. (15 points total, 1 point each) Item Accounts Payable Accounts Receivable Advertising Expense Common Stock Dividends Equipment Financing Activities Investing Activities Land Operating Activities Rent Expense Retained Earnings Revenue Salaries Payable Utility Expense Income Statement Balance Sheet X Statement of Cash Flows Problem 2 Required: Show the effects on the financial statements using a horizontal statement model as outlined below. The first one is done for you. (35 points total, 5 points each) 1 Sold $30,000 in merchandise for cash 2 Paid $5,000 for rent with cash 3 Paid $10,000 in salaries to employees with cash 4 Sold $25,000 in merchandise and customer paid on credit 5 Collected $10,000 cash for transaction #4 6 Purchased a building for $100,000 and took out a loan for the money 7 Paid the $1,200 telephone bill with cash Balance Sheet Event No. 1 2 3 4 5 6 7 Assets 30,000 = = = = = = = = Liabilities Income Statement + + + + + + + + Owner's Equity 30,000 Revenue 30,000 - Expenses - = = = = = = = = Net Income 30,000