Prepare an equation analysis of the effects of the following transactions on the accounting equation for Sunland Corp.

Purchased supplies on account, $$380.$

Provided a service on account, $$680.$

Paid salaries expense, $$480.$

Issued common shares in exchange for cash, $$5,800.$

Declared and paid $$280$ of dividends to shareholders.

Received cash from a customer who had previously been billed for services provided, $$680($see item $2).$

Paid account owed to supplier on account, $$380($see item $1).$

Paid for insurance in advance, $$280.$

Received cash in advance from a customer for services to be performed in the future, $$480.$

Performed the service that the customer previously paid for $($see item $9).$

Use the following format. $($If a transaction results a decrease in Assets, Liabilities or Shareholders' 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 $3\mathrm{.}18$ for example.$)$