3. The basic Accounting Equation can be expressed as A = B + C. Describe A, B and C in this basic accounting equation. What is the essence of the accounting equation? (10 Points) 4. Transactions made by Newton Company for the month of June are below. 1.The company provided $21,160 of services for customers on account. 2.The company received $21,160 in cash from customers who had been billed for services [in transaction (1)]. 3.The company received a bill for $3,600 of advertising but will not pay it until a later date. 4.Newton corporation paid a cash dividend of $2,360. a. Describe the expanded Accounting Equation. (4 Points) b. Prepare a tabular analysis that shows the effects of transactions 1-4 on the expanded accounting equation for Newton Company. (16 Points)