2 Analyze the following transactions under the Accounting Equation Approach. Assets = Equity + Liability a) Commenced business with cash $500000 b) Purchased goods $25000 c) Paid salary $10000 d) Sold goods costing $20000 at a profit of 25% on the cost e) Paid salary in advance $2000 f) Introduced additional capital $10000 g) Purchased computer $15000 h) Deposited $50000 into the bank