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During $2025,$ its first year of operations as a delivery service, Sandhill Corp. entered into the following transactions.

Issued shares of common stock to investors in exchange for $$150,000$ in cash.

Borrowed $$40,000$ by issuing bonds.

Purchased delivery trucks for $$55,000$ cash.

Received $$17,000$ from customers for services performed.

Purchased supplies for $$6,700$ on account.

Paid rent of $$4,200.$

Performed services on account for $$11,700.$

Paid salaries of $$26,800.$

Paid a dividend of $$11,200$ to stockholders.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far$-$right column. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equily item that was reduced.$)$

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