For each of the following transactions of Dennen Inc. for the month of January 2024, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample solution is provided.a. (Sample) Borrowed $30,000 from a local bank by signing a short-term note.b. Lent $10,000 to an affiliate; accepted a note due in one year.c. Sold 100 additional shares to investors for $500 cash.d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year.e. Declared $2,000 in dividends to shareholders, to be paid in February.For each transaction in (including the sample),balances. Beginning balances are provided.Cash Beginning balances 900Accounts Receivable Beg. bal. 1000Equipment Beg. bal. 15,100Contributed Capital Beg. bal. 4,000Retained Earnings Beg. bal. 10,000Notes Payable (Current) Beg. bal. 3000post the effects to the appropriate T-accounts and determine ending account