On Day #$1$ of the company's operations, Quietus Ltd$.$ completed the following

transactions:

sells $$3$ million of common shares

buys $$2$ million of equipment

borrows $$4$ million for the bank

The accounting equation at the end of Day #$1$ is

assets: $$8$ million; liabilities: $$5$ million; equity: $$3$ million

assets: $$9$ million; liabilities: $$9$ million; equity: $0$ million

assets: $$7$ million; liabilities: $$6$ million; equity: $$1$ million

assets: $$7$ million; liabilities: $$4$ million; equity: $$3$ million

none of the listed answers are correct

assets: $$9$ million; liabilities: $$4$ million; equity: $$5$ million