Following are the transactions of Dennen, Inc., Tor the month of January from a local bank Borrowed $20,000 f b. Lent $7,700 to an affiliate, accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of S0.10 per share and a market price of $20 per share, received cash d Purchased $21,000 of equipment, paying $5,900 cash and signing a note for the rest due in one year e. Declared and paid $3,200 in dividends to stockholders. a. Borrowed $20,000 from a local bank For each of the above transactions of Dennen, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects+for increase and- for decrease) on the accounting equation. A sample is provided Assets Liabilities ers' Equity a. Cash 20,000.00 Notes payable 20,000.00 b. Cash C