Assume Down, Incorporated, was organized on May 1 to compete with Despair, Incorporated-a company that sells de- motivational posters and office products. Down, Incorporated, encountered the following events during its first month of operations a. Received $39,000 cash from the investors who organized Down, Incorporated b. Borrowed $18,000 cash and signed a note due in two years. c. Ordered equipment costing $21,000. d. Purchased $9,000 In equipment, paying $3,000 in cash and signing a six-month note for the balance e Received the equipment ordered in (d. paid for half of it, and put the rest on account 1. Summarize the financial effects of Items (@)-(e) in a table. (Enter any decreases to account balances with a minus sign.) Assets Stockholders Equity Common Stock Cash Equipment Liabilities Short-term Notes Payablo 0 Accounts Payable Long-term Notes Payable Beginning 0 0 0 0+ 0 A + + d + Ending 0 ol 0 0