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-725 Current Attempt in Progress Blossom Computer Corporation had the following opening account balances at the end of April: Cash $4,500, Accounts Receivable $6,500: Accounts Payable $2,500; Common Shares $5,000; and Retained Earnings $3,500. It entered into the following transactions during the month of May: 1. 2. 3. 4. 5. Purchased equipment on account for $7.900. Paid $1,800 for rent for the month of May. Provided computer services for $3,800 on account. Paid Ontario Hydro $500 cash for utilities used in May. Borrowed $19,900 from the bank. Paid supplier for equipment purchased in transaction 1. Purchased a one-year accident insurance policy for $500 cash. Received $3.000 cash in partial payment of the account owed in transaction 3. Declared and paid $500 of dividends to shareholders. Paid income tax of $250 for the month. 6. 7. 8. 9. 10. Prepare an equation analysis of the effects of the opening balances and above transactions on the expanded accounting equation. (If