During 2022, Cullumber Company entered into the following transactions. 1. Purchased equipment for $277,720 cash. 2. Issued common stock to investors for $135,480 cash. 3. Purchased inventory of $66,390 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 (1) $ (2) (3) Assets Liabilities + Inventory + Equipment Accounts Payable $ $