Casting Crown Construction entered into the following transactions during a recent year: January January January February March Required: 2 Purchased a bulldozer for $224,000 by paying $21,200 cash and signing a $202,800 note. 3 Replaced the steel tracks on the bulldozer at a cost of $22,400, purchased on account. 30 Wrote a cheque for the amount owed on account for the work completed on January 3. 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,200 cost. 1 Paid $9,600 cash for the rights to use computer software for a two-year period. 1-a. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign.) Date Jan. 2 Cash Equipment Jan. Equipment 3 Jan. Cash 30 Feb. Cash 1 Mar. Cash 1 Licensing rights Answer is complete but not entirely correct. Liabilites + Shareholder's Equity Assets (21,200) Note payable 202,800 224,000 21,200 Accounts payable 21,200 (21,200) Accounts payable (21,200) (1,200) Repairs and maintenance expense (1,200) (9,600) 9,600