Question 1 of 5 < > View Policies -/10 Current Attempt in Progress Sandhill Computer Corporation had the following opening account balances at the end of April: Cash $5,000: Accounts Receivable $7,500 Accounts Payable $3,000: Common Shares $5,000; and Retained Earnings $4,500. It entered into the following transactions during the month of May: 1. 1234 3. 4. Purchased equipment on account for $7.500. Paid $1,300 for rent for the month of May. Provided computer services for $4,000 on account. Paid Ontario Hydro S400 cash for utilities used in May. Borrowed $19.600 from the bank. 5. 6. Paid supplier for equipment purchased in transaction 1. 7. 8. Received $3,500 cash in partial payment of the account owed in transaction 3. Purchased a one-year accident insurance policy for $500 cash. 9. 10. Declared and paid $500 of dividends to shareholders. Paid income tax of $250 for the month, Prepare an equation analysis of the effects of the opening balances and above transactions on the expanded accounting equation. (If