What will be the effects (increase, decrease, or no effect) on total assets, total liabilities, and total shareholders€™ equity in each of the following situations? When shareholders€™ equity changes, note whether it is contributed capital or retained earnings that changes. Identify whether each transaction is an operating, investing, or financingtransaction.

Shareholders' equity Total = assets Total Contributed Retained earnings liabilities capital 1. Purchased land with cash 2. Performed services and received cash from customers 3. Received cash from the issue of shares of common stock 4. Paid cash for inventory 5. Sold inventory for cash