Required Information (The following information applies to the questions displayed below) Business Sim Corporation (BSC) entered into the following four transactions: (a) Issued 2,000 common shares to Kelly in exchange for $27,000. (b) Borrowed $48,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $53,000 and signing a promissory note for $8,000 due in six months. This loan contains a clause ("covenant") that requires Business Sim Corporation (BSC) to maintain a ratio of current assets to current liabilities of at least 2.4. (d) Received $1,350 of supplies and promised to pay for them in 30 days Required: 1. Analyze the accounting equation effects of each of these four transactions. (Enter any decreases to account balances with a minus sign) b C C d Totals Assets Liabilities Stockholders' Equity