Prepare an equation analysis of the effects of the following transactions on the accounting equation for Sandhill Corp. $$Purchased supplies on account, $$290.$Provided a service on account, $$590.$Paid salaries expense, $$390.4.$ Issued common shares in exchange for cash, $$4,900.$Declared and paid $$190$ of dividends to shareholders. $$Received cash from a customer who had previously been billed for services provided, $$590($see item $2).$Paid account owed to supplier on account, $$290($see item $1).$Paid for insurance in advance, $$190.$Received cash in advance from a customer for services to be performed in the future, $$390.$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.$)$