Fruity Farms was incorporated as a private company on January 1, 2017. The company's accounts included the following at January 31, 2017:

Accounts Payable$20,000Land$100,000Building50,000Notes Payable, due 201922,000Bank Overdraft9,000Retained Earnings74,000Contributed Capital75,000Supplies3,000Equipment47,000

During the month of February, the company had the following activities:

1. Paid a dividend to shareholders of $15,000.
2. Repaid $10,000 cash to a local bank.
3. Issued 500 shares for $50,000 cash.
4. Purchased equipment for $30,000, paying $3,000 in cash and signing a note due in six months for the balance.
5. Purchased supplies for $3,000 on account.

Required:

1.Analyze transactions (a)-(e) to determine their effects on the accounting equation.