Question 2 of 12 View Policies Current Attempt in Progress During 2022, Pharoah Company entered into the following transactions. 1. Purchased equipment for $ 284,370 cash. 2. Issued common stock to investors for $ 136,980 cash. 3. Purchased inventory of $ 71,620 on account. Using the following tabular analysis, show the effect of each transaction on the account in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of th Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Purchased inventory of 1,0 g the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease Essets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset. Sility or Equity Item that was reduced. See Mllustration 3-4 for example.) Assets Liabilities Cash + Inventory + Equipment Accounts Payable 31) $ $ $ I 12) (3) e Textbook and Media Sare for Later Attempts: 0 of 3 used Submit Answer MacBook Air le.) Stockholders' Equity + Common Stock + Retained Earnings $ 1 $ ta Attempts: 0 of 3 used Submit Answer MacBook Air