explain how each of the following events or series of events and related adjustments will affect the amount of net income and the amount of cash flow from operating activities reported on the year end financial statements. identify the direction of change (increase, decrease) and the amount of the change. organize your answers according to the following table. the first event is recorded as an example. if an event does not have a related adjustment, record only teh effects of the event. a. paid 2500 cash on october 1 to purchase a one year insurance policy. b purchased 1300 of supplies on account. paid 700 cash on accounts payable. the ending balance in the supplies account, after adjustment, was 350. c. provided services for 7500 cash. d. collected 9000 in advance for services to be performed in the future. the contract called for services to start on may 1 and to continue for one year. e. accrued salaries amounting to 3800. f. sold land that cost 17200 for 17200 cash. g. acquired 48000 cash from the issue of common stock. h. earned 10200 of revenue on account. collected 9180 cash from accounts receivable. i. paid cash operating expenses of 1150.