The following selected events were experienced by either Problem Solvers, Inc., a corporation, or Peter Fleming, the major stockholder. State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asset affected.

a. Received $9,000 cash from customers on account.

b. Fleming used personal funds to purchase a swimming pool for his home.

c. Sold land and received cash of $60,000 (the land was carried on the company's books at $60,000).

d. Borrowed $50,000 from the bank.

e. Made cash purchase of land for a building site, $85,000.

f. Received $20,000 cash and issued stock to a stockholder.

g. Paid $60,000 cash on accounts payable.

h. Purchased equipment and signed a $100,000 promissory note in payment.

i. Purchased merchandise inventory on account for $15,000.

j. The business paid Fleming a cash dividend of $4,000.