Required information Business Sim Corp. (85C) issued 2,000 common shares to Kelly in exchange for $28,000, BSC borrowed $49.000 from the bank, promising to repay it in two years. BSC paid $54,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1.400 of supplies purchased on account. BSC's loan contains a clause (covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.5. Required: 1. Identity the transactions and analyze their accounting equation effects. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity 2 3 4 Totals