Question 3 [20 marks) For each of the following events, identify the impact on a company's assets, liabilities, and shareholders' equity: purchase raw material inventory on credit. pay a tax liability. purchase machinery and pay cash. make payment of cash to the creditor. receipt cash from the customer. owner contributed cash to the business, obtain a loan from the bank. sale of inventory on credit. purchase equipment and make a partial payment of cash. Owner withdraw cash from business for his personal use. a a