Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included thefollowing at July 1:Accounts Payable$ 6, 150Buildings214, 000Cash10, 850Common Stock321, 000Equipment25x000Land87+000Notes Payable (long-term)17, 500Retained Earnings0Supplies7,800During the month of July, the company had the following activities:a. Issued 2,200 shares of common stock for $220,000 cash.b. Borrowed $40,250 cash from a local bank, payable in two years.c. Bought a building for $187,000; paid $52,000 in cash and signed a three-year note for the balance.d. Paid cash for equipment that cost $182,000.e. Purchased supplies for $15,500 on account.equired:Analyze transactions (a)-(e) to determine their effects on the accounting equation. TIP: In transaction (c), three different accounts areaffected. (Enter any decreases to account balances with a minus sign.)