Check my work Required information The following information applies to the questions displayed below) During Year 1. Ashkar Company ordered a machine on January 1 at an invoice price of $22.000. On the date of delivery January 2, the company paid $9,000 on the machine, with the balance on credit at 10 percent interest due in six months On January 3. It paid $900 for freight on the machine. On January 5, Ashkar paid installation costs relating to the machine amounting to $2,800. On July 1, the company paid the balance due on the machine plus the interest. On December 31 (the end of the accounting period), Ashkar recorded depreciation on the machine using the straight-line method with an estimated useful life of 10 years and an estimated residual value of $4100 Required: 1. Indicate the effects of each transaction on the accounting equation (Enter decreases to account categories as negative amounts. If the transaction does not impact the accounting equation choose "No effect" in the first column under "Assets") Assets Llabilities Stockholders' Equity Data January 1 (Notect Short term not payable 13,000 January 2 Cash Equipment January 3 Equipment 19.0001 22.000 900 January 6 Cash (2.800) 2800 (13.650) Pinterest expense (13,000) (850) July 1 Cash Short term not payable