Record the effect of each of the following independent transactions using the financial statements effects template provided. Confirm that Assets Liabilities +Equity for each transaction. Balance Sheet Contributed Noncash Assets Transaction Cash Asset + -Liabilities + Earned Capital Reven Capital (1) Receive 25,000 in exchange for common stock. (2) Borrow 5,000 from bank. (3) Purchase 1,000 of supplies inventory on credit. (4) Pay 1,000 cash to supplier in transaction Totals