Antic Evenings, a local catering service, had the following transactions during December 2000:

1. Purchased decorative paper products on credit for $75,000 to be paid in full in 60 days.

2. On December 20, purchased cutlery and chinaware on credit for $120,000, at terms of 2/30, net 90 (a 2% discount is allowed if the bill is paid within 30 days). The company intends to pay this bill prior to January 18, 2001.

3. Received a property tax bill for $12,000, covering the period December 1, 2000 to November 30, 2001.

4. Received a deposit of $5,000 for catering services to be performed in February 2001.

Required Show how each of the described transactions would affect Antic Evening’s balance sheet equation.