Required: For each transaction, indicate the impact on: (a) the income statement (net income) (b) the balance sheet (assets, liabilities, and equity) (Amounts to be deducted should be indicated by a minus sign. If there is no net change in an item, enter a zero or leave blank.)

	(a)	(b)
	Income Statement		Balance Sheet
Transaction	Net Income		Total Assets	Total Liabilities	Total Equity
1. Issues $650 in common stock
2. Receives $450 for services provided
3. Pays $250 for employee salaries
4. Receives $380 for services to be provided next month
5. Purchases $480 of supplies on account
6. Pays $420 on accounts payable
7. Buys inventory for $580 cash
8. Provides $620 services on account
9. Pays $270 in dividends to shareholders