Brief Exercise 2-4 (Algo) Analyze the impact of transactions on the accounting equation (LO2-2) The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $36,000. b. Purchase bike equipment by signing a note with the bank for $28,000. c. Repay $21,000 of the note in (b) above. d. Pay utilities of $3,600 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.) Liabilities Stockholders' Equity Transaction Assets (a) + (b) + (c) = + (d) = +