During 2022, Crane Company entered into the following transactions. 1. Purchased equipment for $328.760 cash. 2....

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During 2022, Crane Company entered into the following transactions. 1. Purchased equipment for $328.760 cash. 2. Issued common stock to investors for $135,970 cash. 3. Purchased inventory of $72.280 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. See Illustration 3-4 for example) Cash (21 (2) Assets Inventory Equipment Liabilities Accounts Payable $ During 2022, Crane Company entered into the following transactions. 1. Purchased equipment for $328.760 cash. 2. Issued common stock to investors for $135,970 cash. 3. Purchased inventory of $72.280 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. See Illustration 3-4 for example) Cash (21 (2) Assets Inventory Equipment Liabilities Accounts Payable $