Manning Company entered into these transactions during May 2014, its first month of operations. Stockholders invested $40,600 in the business in exchange for common stock of the company Purchased computers for office use for $25,530 from Dell on account. Paid $2,720 cash for May rent on storage space. Performed computer services worth $15,540 on account. Performed computer services to Lawton Construction Company for $4,370 cash. Paid Southern States Power Co. $6,040 cash for energy usage in May. Paid Dell for the computers purchased in (2). Incurred advertising expense for May of $2,340 on account. Received $13,030 cash from customers for contracts billed in (4). Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.)