Analyze the following transactions and show their effects on the basic accounting equation: a. Issued common shares in exchange for $9,000 cash. b. Bought inventory costing $2,500, on account. c. Paid $950 of taxes that were owed from the previous period. d. Borrowed $10,100 from the bank. The interest on the loan is 12% per year. e. Paid $460 for supplies to be used in the future. f. Declared and paid dividends of $1,010. g. 1) Sold goods on account for $5,290. 2) The products sold had a cost of $2,116. (Enter amounts that decrease account balance using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For entires in Retained Earnings select (R) for Revenues (E) for Expenses and (DD) for dividends declared.) b) T d) e) f) g: 1) g: 2) Assets Cash Accounts Receivable Supplies Inventory Liabilities Shareholders' Equity Retain Accounts Payable Taxes Payable Bank Loan Common Shares Shareholders' Equity Liabilities Taxes Payable Bank Loan Common Shares Retained Earnings R/E/DD