2. Transaction analysis: Top of the World, Inc. provides rock climbing sessions to customers. The following is a list of transactions that occurred in 2017. For each transaction, describe the dual effect of the transaction on the accounting equation. For example, in transaction a): 1) assets increase $4,000 and 2) SHE increases $4,000. a. 1/20/17: Issued 400 shares of common stock for $10 per share. Assets increase $4,000;SHE increases $4,000. b. 1/30/17: Signed a note payable for $14,900 in cash.9 C. 2/11/17: Purchased a building for $2,040 in cash. d. 2/19/17: Purchased supplies on account from creditors for $1,030. e. 3/10/17: Paid creditors $600 in cash. f. 4/30/17: Paid $9,100 in cash for employee wages for the current period