Analyze each of the following transactions by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each. Jan. 1 Purchased equipment for $33,000 cash. Estimated useful life is six years and salvage value is $7,920. Jan. 2 Paid $6,600 cash to install automated controls on equipment. This betterment did not impact useful life or salvage value Aug. 15 Paid $260 cash for minor repair costs to equipment. Asso Liabilities Jan. 1 Jan. 2 3 Aug. 15 nices Equity + + +