purchased $222 in equipment

1.00 points Madison Shoes manufactures athletic shoos and sports apparel. The following activiies ocourred duringa recent year. The amounts are presented in millions of dolars a Purchased $222 in equipment paid by signing a $6 long-term note and fufilling the rest with cash b. Issued $22 in additional common stock for cash contributions made by stockholders c. Several Madson Shoes investors sold their own stock to other investors on the stock exchange for $140 per share of stock Required 1. For each of these events, perform transaction analysis and indloate the account amount in milions) and direction of the eflect on the accourting equation. Check that the aocounting equation remains in balance after each transaction. (Enter any decreases to account balances with a minus sign. Enter your answers in mitions (Le. 10,000,000 should bs entered as 10) Totals 2. What will be your response to transaction (c)? O Transaction (e) occura between the owners and others in the stock markat, thare is no effect on the O Transaction (c) oocurs between the business and others in the stock market, & will effect the business 3. Did these transactions change the extent to which Madison Shoes relied on credtos v stockholders for financing? Yes- the transactions aflected lablities and stockholdens equity, and they led Medison Shoes to