Required Information [The following information applies to the questions displayed below.] Assume Down, Incorporated, was organized on May 1 to compete with Despalr, Incorporated-a company that sells de-motivational posters and office products. Down, Incorporated, encountered the following events during its first month of operations. a. Recelved $60,000 cash from the Investors who organlzed Down, Incorporated b. Borrowed $20,000 cash and signed a note due in two years. c. Ordered equipment costing $16,000. d. Purchased $9,000 in equipment, paylng $2,000 In cash and signing a slx-month note for the balance. e. Recelved the equipment ordered In (c), pald for half of It, and put the rest on account. equired: Summarlze the financlal effects of Items (a)-(e) In a table. (Enter any decreases to account balances with a minus sign.)