Explain briefly how each of the following transactions would affect company's balance sheet. (Remember, assets must equal liabilities plus owners' equity before and after the transaction.) Sale of used equipment with a book value of $300,000 for $500,000cash. Purchase of a new $80 million building, financed 40 percent with cash and 60 percent with a bank loan. Purchase of a new building for $60 million cash. A $40,000 payment to trade creditors. A firm repurchase of 10,000 shares of its own stock at a price of$24 per share. Sale of merchandise for $80,000 in cash. Sale of merchandise for $120,000 on credit's. Dividend payment to shareholders of $50,000