This problem uses the same facts as the prior question but asks a different question. For each question, determine how recording the transaction would affect the INCOME STATEMENT. (Consider how you recorded the transactions in the prior question and do not consider future transactions that have not yet been recorded.) Please type just the single letter that matches your answer. This content is copyrighted. I Increases net income D Decreases net income N No effect on net income Corporation provides consulting services. Corporation had the following transactions during March: Corporation pays $37,000 to employees for work done in March. D Corporation purchases a machine for $20,000, paying the full amount in cash. N Corporation received $50,000 cash from new investors in exchange for issuing shares of common stock. N Corporation receives $120,000 from customers for consulting services provided in March. I Corporation borrowed $200,000 from a bank. N Corporation pays $650 to rent a booth at a business exposition for an event in March. N