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Dr. Jaqueline Favata opened a medical practice specializing in physical therapy. During the first month of operation (May), the business, titled Dr. Jaqueline Favata, Professional Corporation (P.C.), experienced the following events: (Click the icon to view the events.) Read the requirements. Requirement 1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Jaqueline Favata, P.C. Begin with the first transaction on May 6. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave the box empty; do not enter a zero. Enter the transactions in the same order as they appear in the original list.) Assets Liabilities + Stockholders' Equity May 6 Favata invested $149,000 in the business, which in turn issued its common stock to her. Accts Medical Accts Note Common Retained Type of Equity 9 The business paid cash for land costing $67,000. Favata plans to build an office building or the land. Cash + Rec. + Supplies + Land = Pay. + Payable + Stock + Earnings Transaction 12 The business purchased medical supplies for $1,700 on account. May 6 15 Dr. Jaqueline Favate, P.C., officially opened for business. 15-31 During the rest of the month, Favata treated patients and earned service revenue of $9, 100, receiving cash for half the revenue corned. 15-31 The business paid cash expenses: employee salaries, $2,800; offce rent, $1,000; utlities, $900. (Record the cash amount as a total and identify and record ary other amounts separately.) 31 The business sold supplies to another physician for cost of $1010 and received cash 31 The business borrowed $39,000, signing a note payable to the bank. 31 The business paid $1,000 on account