Boeing allegedly used a system they called program accounting to spread their huge cost overruns across several years, thereby propping up earnings and the company's share price. After the merger with McDonnell-Douglas, however, the truth came out in the form of much lower earnings. What is your view of how Boeing handled its cost overruns, its production problems, and the merger with McDonnell-Douglas? Did the company's top executives act ethically? How about their accountants? a.Paid $1,000 cash for additional intangible assets. b.Issued additional shares of common stock for $10,000 in cash. c. Purchased equipment; paid $4,000 in cash and signed additional long-term loans for $9,500. d.Paid $800 cash for salaries and wages owed at September 30. e. Conducted negotiations to purchase a coffee farm, which is expected to cost $8,400. Required: 1.Analyze transactions (a)-(e) to determine their effects on the accounting equation. Once you have determined the effects on the accounting equation prepare a journal entry (Hint - debits first and credits second). Use the format shown below. 2.Post your journal entries in Part 1 above to the T-Accounts