Palmer Cook Productions manages and operates two rock bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $100,000 by paying $36,000 cash and signing a $64,000 note due in two years. January 8 The bus was painted with the logos of the two bands at a cost of $450, on account. January 30 Wrote a check for the amount owed on account for the work completed on January 8. February 1 Purchased new speakers and amplifiers and wrote a check for the full $36,000 cost. February 8 Paid $350 cash to tune up the tour bus. March 1 Paid $36,000 cash and signed a $270,000 five-year note to purchase a small office building and land. An appraisal indicated that the building and land contributed equally to the total price. March 31 Paid $95,000 cash to acquire the goodwill and certain tangible assets of Kris Myth, Inc. The fair values of the tangible assets acquired were $25,000 for band equipment and $65,000 for recording equipment. 1-a. Complete the table below, indicating the account, amount, and direction of the effect (+ for increase and for decrease) for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) TIP: Goodwill is recorded as the excess of the purchase price over the fair value of individual assets.

	Assets		=	Liabilities		+	Stockholders Equity
January 02
January 08
January 30
February 01
February 08
March 01
March 31