E2-5 Determining Financial Statement Effects of Several Transactions L02-3 Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions. a. Purchased additional buildings for $172 and equipment for $270; paid $432 in cash and signed a long-term note for the rest. Issued 100 shares of $2 par value common stock for $345 cash. Declared $145 in dividends to be paid in the following year. Purchased additional short-term investments for $7,616 cash. Several Nike investors sold their own stock to other investors on the stock exchange for $84. Sold $4,313 in short-term investments for $4,313 in cash. asap? Required: For each of the events (a) through (f), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and - for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction