Badger World Wide manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Caterpillar, Hush Puppies, Wolverine, and Steve Madden. The following transactions occurred during a recent month. a. Made cash sales of $49,800 (example). b. Purchased $3,800 of additional supplies on account. c. Borrowed $61,600 on long-term notes. d. Purchased $23,200 in additional equipment, paying in cash. e. Incurred $33,000 in selling expenses, paying two-thirds in cash and owing the rest on account. f. Paid $6,900 in rent for this month, and $6,900 for next month. Required: 1. For each of the transactions, complete the table below, indicating the account, amount, and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders equity, as shown for the first transaction, which is provided as an example. Also, determine the companys preliminary net income. (Enter any decreases to account balances with a minus sign.)