During 2018, its first year of operations as a delivery service, Crane Corp.entered into the following transactions. The fiscal year end for Crane is December 31. 1. Issued common shares to investors in exchange for $ 97,000 in cash. 2. Borrowed $ 41,000 cash from the bank, due 2020. 3. Purchased delivery vehicles for $ 62,000 cash. 4. Received $ 23,000 from customers for services provided. 5. Purchased supplies for $4,000 on account. 6. Paid rent of $ 5,700. 7. Performed services on account for $ 9,000. 8. Paid salaries of $ 28,000. 9. Declared and paid a dividend of $10,000 to shareholders. 10. Paid income taxes of $ 300 for the month. (a) Indicate the effect of each transaction on the accounting equation. Use the following format. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. - 15,000 or in parenthesis e.g. (15,000).) Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Sr No Account Titles and Explanation Debit Credit 1 2 3 4 5