2.oo points oconnor Company ordered a machine on January 1 at a purchase price of 35,0oo. On the date of delivery, January 2, the company paid $9,000 on the machine and signed a long-term note payable for the balance. On January 3, it paid $40o for freight on the machine. On January 5, O'Connor paid cash for installation costs relating to the machine amounting to $210o. On December 31 (the end of the accounting period) O'Connor recorded depreciation on che machine using the straght-line method with an estimated usefu life of io years and an estimated residual value of s 3,8oo. Required 1. indicate the effects nts, amounts, and for increase-for doc of each transaction (on January 1, 2, 3, rease) and 5) on the accounting equation. (Enter any decreases to account balances with a minus sign) Assets Liabilities Date Jan 01 35,000 Notes Payable (long-term) Jan 02 Equipment Cash 9,000 400 Jan 03 Equipment (400) Cash Jan 05 Equipment 2,100 Cash 2,100 24,000 Stockholders' Equity