Required information [The following information applies to the questions displayed below) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable tong-term) Retained Earnings Supplies $ 6,700 268,000 10, 150 484,000 34,750 112,000 22,750 8,550 During the month of July, the company had the following activities: a. Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $34,250 cash from a local bank, payable in two years c. Bought a building for $211.000 paid $55.000 in cash and signed a three year note for the balance. d. Pald cash for equipment that cost $127000 e Purchased supplies for S18,500 on account Required: 1. Analyze transactions fa-fe) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Assets Cash Supplies Land Liabilities Accounts Notes Payable Payable 6,700 22,750 Building Equipment 268,000 34,750 Stockholders' Equity Common Retained Stock Earnings 404,000 Beg 10.150 8,550 112,000 b d. 0 End 10,150 8,550 268,000 34,750 12,000 6,700 22.750 404,000 0