QUESTION 2 Examine the following transactions for Breen, Incorporated, Indicate whether each affects: liabilities (L) or owners equity (OE). 1. Margaret Breen founds Breen, Inc by contributing cash and other assets. 2. Breen borrows money from 1st National Bank. The loan is to be repaid one year from now, with interest. 3. Breen issues common stock to additional investors. 4. Breen purchases inventory, agreeing to pay the invoice within 30 days. 5. Breen pays the inventory invoice from part 4 6. Breen repays the loan noted in part 2