During $2025,$ Sheridan Company entered into the following transactions.

Purchased equipment for $$318,770$ cash.

Issued common stock to investors for $$139,050$ cash.

Purchased inventory of $$70,940$ on account.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. $($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 Equity item that was reduced.$)$

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