Problem Set B, located at the end of Problem Set A, is provided for each problem to reinforce the learning process, i mulluus ale SIU.000. Un August 4. Lola lupuit following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $3,000 cash and $7,000 in equipment in exchange for Lola stock. After the investment, what is the amount of equity for Lola? connect Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total eq- uity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating ac- tivities, cash flows from investing activities, and cash flows from financing activities. PROBLEM SET A Problem 1-1A Identifying effects of transactions on financial statements A1 P1 Balance Sheet Income Statement Statement of Cash Flows Transaction Total Assets Tota! Llab. Total Equity Net Income Operating Activities Investing Activities Financing Activities + 900 +900 Owner invests $900 cash in business in exchange for stock Receives $700 cash for services provided 3 Pays $500 cash for employee wages 41 Buys $100 of equipment on credit 51 Purchases $200 of supplies on credit Buys equipment for $300 cash 7 Pays $200 on accounts payable Provides $400 services on credit 9 Pays $50 cash for dividends 10 Collects $400 cash on accounts receivable The following financial statement information is from five separate companies. Problem 1-2A Computing missing