Identify the element or elements associated with these items. itemsthe element(a) arises from peripheral or incidental transactions. entry field with correct answer distributions to ownerscomprehensive by ownersassetsrevenues, expenseslossesgains, by owners, comprehensive income(b) obligation to transfer resources arising from a past transaction. entry field with correct answer assetsinvestments by to ownersgainsinvestments by owners, comprehensive incomegains, lossesrevenues, income(c) increases ownership interest. entry field with incorrect answer to ownersinvestments by owners, comprehensive incomeinvestments by incomegains, , expenses(d) declares and pays cash dividends to owners. entry field with correct answer revenues, expensesgains, lossesinvestments by ownersdistributions to by owners, comprehensive (e) increases in net assets in a period from nonowner sources. entry field with correct answer gains, losseslossesinvestments by owners, comprehensive to ownersgainsrevenues, by incomeassets(f) items characterized by service potential or future economic benefit. entry field with correct answer expensesinvestments by owners, comprehensive incomedistributions to ownersgainslossesgains, lossescomprehensive , by owners(g) equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners. entry field with incorrect answer by owners, comprehensive incomedistributions to ownersgainsrevenues, expensesinvestments by ownerslossesassetsgains, lossesliabilities(h) arises from income statement activities that constitute the entity’s ongoing major or central operations. entry field with incorrect answer liabilitiesrevenues, expensesinvestments by owners, comprehensive incomedistributions to ownerscomprehensive by , losses(i) residual interest in the assets of the enterprise after deducting its liabilities. entry field with incorrect answer distributions to by owners, comprehensive incomecomprehensive , expensesinvestments by , losses(j) increases assets during a period through sale of product. entry field with correct answer by ownersrevenues, expensesrevenuesgains, lossesinvestments by owners, comprehensive incomedistributions to ownerscomprehensive incomeassets(k) decreases assets during the period by purchasing the company’s own stock. entry field with incorrect answer equitycomprehensive incomeinvestments by ownersdistributions to by owners, comprehensive incomeliabilitiesgains, lossesassetsrevenues, expenses(l) includes all changes in equity during the period, except those resulting from investments by owners and distributions to owners. entry field with incorrect answer investments by owners, comprehensive incomecomprehensive incomedistributions to ownersinvestments by ownerslossesgains, , expensesequitygains