Groro Company bills a client $$69,000$ for services provided and agrees to accept the following three items in full payment: $(1)$ $$20,000$ cash, $(2)$ $$81,000$ of equipment, and $(3)$ $$32,000$ note payable owed on the equipment.

$($a$)$ Analyze the transaction using the accounting equation.

$($b$)$ Record the transaction in journal entry form.

$($c$)$ Post the entry using T$-$accounts to represent ledger accounts.