Badger World Wide manufactures miltary, work, sport, and casual footwear and leather accessortes under a vartety of brand names, such as Caterpillar, Hush Pupples Wolverine, and Steve Madden. The following transactions occurred during a recent month a. Made cash sales of $62,800 (example) b. Purchased $3,400 of additional supplies on account c. Borrowed $58,600 on long-term notes. d. Purchased $20,700 In additional equipment, paying In cash. e Incurred $31.950 in selling expenses, paying two-thirds in cash and owing the rest on account f. Pald $5,600 in rent for this month, and $5,600 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 subcategorles of stockholders' equity, as shown for the first transaction, which is provided as an example. Also, determine the company's prellminary net income. (Enter eny decreases to account balances wlth a minus sign.) Stockholders' Equity Liabilities Assets Transaction 2,800 Sales Revenue 62,800 Cash C