Determining Financial Statement Effects of an Asset Acquisition and Straight-Line Depreciation [LO 9-2, LO 9-3] O'Connor Company ordered a machine on January 1, 2012, at a purchase price of $75,000. On the date of delivery, January 2, 2012, the company paid S 19,000 on the machine and signed a long-term note payable for the balance. On January 3, 2012, it paid $800 for freight on the machine. On January 5, O'Connor paid installation costs relating to the machine amounting to $4,500. On December 31, 2012 the end of the accounting period), O'Connor recorded depreciation on the machine using the straight-line method with an estimated useful life of 10 years and an estimated residual value of $8,000. Indicate the effects (accounts, amounts, and + for increase, - for decrease) of each transaction (on January 1, 2, 3, and 5) on the accounting equation. (Enter all amounts as positive values.)