Attempt in P During 2017. Sheridan Company entered into the following transactions. 1 Purchased equipment for $271,750 cash 2 Issued common stock to investors for $138,160 cash 3. Purchased inventory of $63.720 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example) Equipment $ eTextbook and Media Liabilities Stockholders' Equity Accounts Payable Common Stock Retained Earnings $ Assistance Used