Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Borrow $52,000 from a bank 2. Purchase equipment for $48,000 in cash 3. Issue $85,000 in stock 4. Buy $15,000 worth of manufacturing supplies on credit 5. Receive payment of $10,000 owed by a customer 6. Pay $7,000 owed to a supplier 7. Receive payment of $11,000 owed by a customer What is the net change in Total Assets?