During 2022, its first year of operations as a delivery service, Sage Hill Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $88,000 in cash. 2. Borrowed $39,600 by issuing a note. 3. Purchased delivery trucks for $52,800 cash. 4. Performed services for customers for $14,080 cash. 5. Purchased supplies for $4,136 on account. 6. Paid rent of $4,576. 7. Performed services on account for $8,800. 8. Paid salaries of $24,640. 9. Paid a dividend of $9,680 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity place o negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced) (2) Cash Accounts Receivable 88000 39600 (3) -52800 (4) 14000 (5) 161 -4576 20 8800 Assets Supplies Eq 1 4136 1 sofinal piller De doce Tuition Waher for pot avast secure browse Show all venues 1 14080 8800 Retained Earnings Expenses 4576 24640 Dividends 9680 22880 29216 96804 Service Revenue Rent Experse 3 Service Revenue Salaries and Wages Expe