During 2017, Sunland Company entered into the following transactions.

1.		Purchased equipment for $ 312,270 cash.
2.		Issued common stock to investors for $ 140,590 cash.
3.		Purchased inventory of $ 74,480 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, Expenses, and Dividends if necessary. (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.)

		Assets					=	Liabilities	+	Stockholders Equity
		Cash	+	Inventory	+	Equipment	=	Accounts Payable	+	Common Stock	+	Retained Earnings
(1)		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
(2)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(3)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount