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During 2017, Rostock Company entered into the following transactions. 1. Purchased equipment for $286,176 cash. 2. Issued common stock to investors for $137, 590 cash.

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During 2017, Rostock Company entered into the following transactions. 1. Purchased equipment for $286,176 cash. 2. Issued common stock to investors for $137, 590 cash. 3. Purchased inventory of $68, 480 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained Earnings, use separate columns for Revenues, Expanses, and Dividends if necessary. (If a transaction causes a decreases in Assets, Liabilities or Stockholder's 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.)

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