Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Factory building Cash Contributed Capital Equipment $ 11,000 Land 100,300 Notes Payable (long-term 26,500 Retained Earnings 181.000 Supplies 119,000 $ 201,600 2,200 259,500 7,100 During the month of July, the company had the following transactions: Issued 3,980 shares for $398,000 cash. b. Borrowed $92,000 cash from a local bank, payable in two years. c. Bought a factory building for $184.000: paid $83.000 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $202,000, e Purchased supplies for $30,300 on account Required: 1. Analyze transactions (6)-(e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Transaction Assets Liabilities Shareholders' Equity d 2. Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issued 3,980 shares for $398,000 cash. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general journal 3. Summarize the journal entry effects from requirement 2 using T-accounts. Cash Supplies Beg, bal Beg. bal. End, bal Factory Building Equipment Beg. bal. Beg. bal. End, bal. End, bal. Land Accounts Payable Beg, bal. Beg. bal. End, bal End. bal. Notes Payable Contributed Capital Beg. bal Beg. bal. End. bal. End. bal. Retained Earnings Beg. bal End, bal. 4. Prepare a classified balance sheet at July 31. DELIBERATE SPEED CORPORATION Balance Sheet At July 31 Assets Liabilities Current assets Current liabilities Total current assets Total current liabilities Total liabilities Shareholders' oquity Total assets Total shareholders' equity Total liabilities & shareholders' equity 5. As of July 31, hos the financing for DSC's Investment in assets primarily come from liabilities or from shareholders' equity? Liabilities Shareholders' equity