1--Kerlian Services, Inc. (KSI) pays $1 350 000 to acquire 35% of the voting stock of Nicole Investments on March 5, 2024. Describe the effect of this transaction on the KSI's accounting equation.

2--Ian Financial Services, Inc. invested $21 000 to acquire 4 000 shares of Kayla Investments, Inc. on March 25. This investment represents less than 20% of the Kayla's voting stock. On May 15, Ian sells 2 500 shares for $12 250. Describe the effect of the May 15 transaction on Ian's accounting equation.

When discussing the accounting equation please speak in terms of the effect on each element. Assets = Liabilities + Equity. For each element, please speak as to the increase, decrease or no effect. Looking forward to reading your posts!