Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year a. Received $37.000 cash from the company's founders in exchange for common stock b. Purchased land for $14,000, signing a two-year note (ignore Interest). c Bought two used delivery trucks at the start of the year at a cost of $9,000 each: pald $3,500 cash and signed a note due in three years for $14.500 (Ignore Interest). d. Pald $1.800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee paid $320,000 cash for a house for his personal use. Required: 1. Analyze each item for its effects on the accounting equation of LDS for the year ended December 31. (Enter any decreases to account balances with a minus slgn.) TIP: Transaction (a) is presented below as an example, TIP: The new motor in transaction (d) is treated as an increase to the cost of the truck. Assets Liabilities Stockholders Equity Cash Equipment Land Accounts Payable Notes Payable (long-term) Common Stock 0 0 Beg 0 0 O 0 37.000 a 37.000 b d e End