Question 1 [14] The following transactions appeared in the books of XYZ Traders during February 2023. Date Transaction details 2 Purchased inventory on credit for R28 000. 5 Paid R3 000 via an EFT for railage on the purchases of inventory on 2 February. 9 Sold all the inventory purchased on 2 February for R45 000 cash. Required: 1.1 Show how the above transactions would affect the accounting equation when using a perpetual inventory system. (8) 1.2 Show how the above transactions would affect the accounting equation when using a periodic inventory system. (6) Use the format below as a guideline for presenting the answer to the question. Ignore VAT for all transactions. Example: The business paid the wages for the week, R1 000. No. General Ledger Assets Owners equity Liabilities Account Dr Account Cr E.g. Wages Bank 1 000 1 000