Brief Exercise 3-2 During 2017, Novak Corp. entered into the following transactions 1. Borrowed $61,000 by issuing bonds. 2. Paid $9,350 cash dividend to stockholders. 3. Received $18,800 cash from a previously billed customer for services performed 4. Purchased supplies on account for $4,800. 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 (or parentheses) in frontc the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) Assets Liabilities Stockholders' Equity Cash + Accounts Receivable + Supplies = Accounts Payable + Bonds Payable + Common Stock + Retained Earnings Click if you would like to Show Work for this question: Open Show Work