During 2017, Rostock Company entered into the following transactions.

1. Purchased equipment for $286,176 cash.

2. Issued common stock to investors for $137,590 cash.

3. Purchased inventory of $68,480 on account.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the right-hand margin.

For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. Use Illustration 3-3 (page 99) as a model.

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Assets Cash Inventory Equipment = Liabilities + Stockholders' Equity Accounts Common Retained Payable + Stock + Earnings