ces Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are: Cash Accounts Receivable $ 57,000 8,400 Inventory 52,750 Supplies 9,450 Notes Receivable (due in three years) 4,200 Equipment 100,000 Buildings 187,000 Land 51,500 Accounts Payable 48,250 94,500 150,000 177,550 Notes Payable (due in three years) Common Stock Retained Earnings During the year, the company had the following summarized activities a. Purchased equipment that cost $31,650; paid $6,250 cash and signed a two-year note for the balance. b. Issued an additional 2,800 shares of common stock for $28,000 cash c. Borrowed $52,000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $7,700 cash. e. Built an addition to the factory buildings for $45,500; paid $14,000 in cash and signed a three-year note for the balance. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked Required: 1. Analyze transactions (a)-() to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Notes + Stockholders' Equity Cash Supplies Buildings Equipment Payable (long-term) Common Stock Retained Earnings a 50,750 9.450 187,000 131,650 b C d Q