Identify how each following transaction influences the amounts of Assets, Liabilities, and Stockholders equity (i.e. increase or decrease? what is the amount?), and then calculate the ending balances.

Transaction Assets Liabilities Stockholders Equity $120,000 Beginning balances $200.000 $80.000 Borrowed $20,000 cash by signing a note payable with a bank. Collected accounts receivable for cash, $7,000. Paid accounts payable, $8,000 cash Purchased office supplies on credit, $2,000 Sold stock to new investors for $20,000 cash Paid income taxes pavable of $12,000 Ending balances