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Required: For each activity identify the impact (if any) on total assets, total liabilities, and total equity. Select all that apply. If there is no impact on total assets, total liabilities, or total equity, please indicate this by selecting "No impact." 1) Purchased a building for $300,000 and land for $100,000. Paid 30% in cash and the balance with a 10-year, 5% note payable. 01. Total assets increase 2. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 5. Total equities increase 06. Total equities decrease 07.0 No impact 2) Negotiated a $2 million contract to construct an aqueduct for the City of Edmonton. Construction will commence later this year. 01. Total assets increase 2. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 5. Total equities increase 06. Total equities decrease 7.0 No impact 3) Collected a $500,000 in advance from the City of Edmonton. 01. Total assets increase 02. Total assets decrease 3. Total liabilities increase 04. Total liabilities decrease 5. Total equities increase 06. Total equities decrease 07.0 No impact 4) Sold inventory costing $10,000 for $20,000 on account. 01. Total assets increase O2. Total assets decrease 3. Total liabilities increase 04. Total liabilities decrease 05. Total equities increase 06. Total equities decrease 07.0 No impact 5) Paid 3-months rent in advance. 01. Total assets increase O2. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 05. Total equities increase 06. Total equities decrease 07.0 No impact 6) Declared and paid a cash dividend of $20,000. 01. Total assets increase O2. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 5. Total equities increase 06. Total equities decrease 07.0 No impact 7) Accrued employee salaries of $15,000. 01. Total assets increase 02. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 05. Total equities increase 06. Total equities decrease 8) Recorded monthly depreciation of $6,000. 01. Total assets increase 02. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 05. Total equities increase 06. Total equities decrease 07.0 No impact 9) Wrote off $15,000 in uncollectible accounts receivable. Aqueduct uses the allowance method. 01. Total assets increase O2. Total assets decrease 03. Total liabilities increase 04. Total liabilities decrease 05. Total equities increase 06. Total equities decrease 07.0 No impact

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