12 125 points Below is a list of activities for Purple Cow Incorporated. Required: For each activity, Indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Stockholders Transaction Assets Liabilities Book Equity 1. Provide services to customers on account, $1,740 S 1,740 $ 0 S 1,740 Print 2 Pay $310 for current month's rent 3. Hire a new employee, who will be paid 5640 at the end of each month. 4 Pay $120 for advertising aired in the current period References 5. Purchase office supplies for $310 cash 6 Receive cash of $1,140 from customers in (1) above. 7. Obtain a loan from the bank for 58,400. 8 Receive a bill of 5460 for utility costs in the current period 9 Issue common stock for $11:400 cash 10 Pay 5640 to employee in (3) above Totals