For each of the items listed below, identify the appropriate financial statement element. obligation to transfer cash or other resources as a result of a past transaction.: liability2. dividends paid by a corporation to its shareholders.: distribution to owners3. inflow of an asset from providing a good or service.: revenue4. the financial position of a company.: assets, liabilities and equity5. increase in equity during a period from nonowner transactions.: comprehensive incomeselected answer correct6. increase in equity from peripheral or incidental transaction.: gain7. sale of an asset used in the operations of a business for less than the asset's book value.: lossselected answer correct8. the owners' residual interest in the assets of a company.: equity9. an item owned by the company representing probable future benefits.: assetselected answer correct10. revenues plus gains less expenses and losses.: net income11. an owner's contribution of cash to a corporation in exchange for ownership shares of stock.: investment by owner12. outflow of an asset related to the production of revenue.: expense