During 2017, its first year of operations as a delivery service, Novak Corp. entered into the following tr 1. Issued shares of common stock to investors in exchange for $122,000 in cash. 2. Borrowed $48,000 by issuing bonds. 3. Purchased delivery trucks for $52,000 cash . Received $16,000 from customers for services performed 5. Purchased supplies for $4,700 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,800. 8. Pid salaries of $26,700 9. Paid a dividend of $11,500 to shareholders. 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 Equity item that was reduced, see Illustration 3-3 for example.) Liabilities Stockholders Equity Assets Accounts Cash + Receivable Bonds countspayable Common +Stock Cash Supplies +Equipment Retained Earnings RevenuesExpensesDividends 5