For each of the events (a) though (c), perform transaction analysis and indicate the account name, amount, and direction of the effects ( + for increase and - for decrease) on the accounting equation. (a) The Firm received cash by organizers and distributed to them 1,200 shares of $0.7 par value common stock with a market price of $20 per share. (b) The Firm purchased the stock of other companies as investments, paying $3,500 cash; of this, $1,500 was in short-term investments and the remaining was in long-term investments. (c) The Firm purchased $5,200 of equipment, paying $1,200 in cash and owing the rest on accounts payable to the manufacturer