During 2022, its first year of operations as a delivery service, Indigo Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $150,000 in cash. 2. Borrowed $40,000 by issuing bonds. 3. Purchased delivery trucks for $55,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $6,700 on account. 6. Paid rent of $4,200. 7. Performed services on account for $11,700. 8. Paid salaries of $26,800. 9. Paid a dividend of $11,200 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column. (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 Assets Accounts Receivable (1) $ 150000 $ $ (2) 40000 (3) -55000 17000 -17000 6700 -4200 (7) -11700 (8) -26800 (9) Accounts Supplies + Equipment = Payable 6700 $ 55000 Liabilities Bonds Payable + Common Stock $ $ -26800 40000 $ 150000 $ Revenues 11700 $ Stockholders' Equity Retained Earnings Expenses Dividends -4200 $ Issued Stock Issued Stock Salaries and Wages Expense Service Revenue Salaries and Wages Expense Rent Expense Service Revenue Salaries and Wages Expense 11200 Paid Dividends $ 34800 $ 17000 $ -6700 $ -55000 = $ -26800 $ -40000 $ 150000 $ 11700 $ -4200 $ 11200 i -11200