O Required Information The following information applies to the questions displayed below) On January 1, MM Co. borrows $390,000 cash from a bank and in return signs an 4% Installment note for five annual payments of $87,605 each. Analyze transactions involving issuance of the note and its first annual payment, by showing their effects on the occounting equation- specifically, identify the accounts and amounts including + or -) for each transaction Equity increases by or En Cash in 1 Dec 31 Assets increase - decrease 390,000 - Notos payable 87,005 - Nches payable Llabile increase decrease 300.000 72,005 ual nting equation- Equity increases by or Equity decreases by 0,000 + 2,005 +