Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year. a. Received $36,000 cash from the company's founders in exchange for common stock. b. Purchased land for $10.500, signing a two-year note (ignore Interest). c. Bought two used delivery trucks at the start of the year at a cost of $12,000 each: paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). d. Paid $1,100 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee pald $250,000 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 sign.) 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 Stockholders Equity Common Stock Cash Equipment Liabilities Accounts Notes Payable Payable (long-term) 0 0 Land Beg 0 0 0 0 36,000 36,000 b G. d. e End