Problem 1 (15 polnts) For each of the cventa (a) though (c). perlorm transacticn analysis and indicate the account name, amount, and direction of the effects ( + for iocrease and - for decteac) on the accounting equation. (a) The Firm received eash by organizers and distributed fo them 1.500 shares of 50.5 par value common stock with a market price of 521 per shase. (b) The Firm purchased the stick of other comguniss as inventents, paying 55,000cauh; of this, \$1,500 was in shorh-term invertments and the remairing was in long-term invedrments. (c) The Firm purchased $3,200 of equipment, paying $700 in caih and owing the rest cm accounts pryable to the manufacturer