During its first year of operations, Willie Winn Running Shoes entered into five transactions affecting shareholders' equity. The bar chart below depicts the company's total assets, total liabilities, and total shareholders' equity after each of five transactions. The bar on the left is total assets, and the stacked bar on the right includes total liabilities and total shareholders' equity. Beginning balances prior to Transaction 1 are SO. Answer the following questions: 3 Effect on Assets, Liabilities, and Shareholders' Equity of Five Transactions $120,000 $100,000 Book Assets $80,000 Liabilities Stockholders' Equity Print $60,000 $40,000 ferences $20,000 $0 Beg. = SO 1 2 3 4 5 Transactions Click here to open the graph(s) in a new tab Required: 1. Transaction 1 represents the issuance of common stock for cash. How does this transaction affect the accounting equation? 2a. How does Transaction 2 affect the accounting equation? 2b. Which of the following transaction descriptions might be represented by Transaction 2? 3a. How does Transaction 3 affect the accounting equation? 3b. Which of the following transaction descriptions might be depicted by Transaction 3 4a. How does Transaction 4 affect the accounting equation? 4b. Which of the following transaction descriptions is depicted by Transaction 4 5a. How does Transaction 5 affect the accounting equation? 5b. Which of the following transaction descriptions is depicted by Transaction S? Complete this question by entering your answers in the tabs below. Reg 28 Req1 Req ZA Reg 3A Reg 3B Req 4A Req 45 Reg SA Reg 58 Transaction 1 represents the issuance of common stock for cash. How does this transaction affect the accounting equation