Using the Financial Statement Effects Template to Analyze Transactions Assume that Schaefer's Pharmacy, Inc., enters into the following transactions. a. Issued common stock for $20,000 cash. b. Purchased inventory costing $8,000 on credit. c. Purchased equipment costing $10,000 for cash. d. Paid suppliers $3,000 cash for part of the inventory purchased in b. Report each of the following transactions in the financial statement effects template. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Income Statement Cash Noncash Contrib. Earned Net Transaction Asset Assets = Liabilities Capital Capital Revenues - Expenses = Income (a) Issue common stock. Answer 1 20,000 Answer 2 0 Answer 3 0 Answer 4 20,000 Answer 5 0 Answer 6 0 Answer 7 0 Answer 8 0 Answer 9 N/A Answer 10 N/A = Answer 11 N/A Answer 12 N/A Answer 13 N/A Answer 14 N/A - Answer 15 N/A = Answer 16 N/A (b) Purchase inventory Answer 17 0 Answer 18 8,000 Answer 19 8,000 Answer 20 0 Answer 21 0