Selected transactions for Stockton Corporation during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $30,000 cash received from investors. 5 Purchased equipment for $20,000, paying $2,000 in cash and the balance on account 25 Paid $6,000 cash on balance owed for equipment. 30 Paid $1,000 cash dividend Stockton's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends. Prepare a tabular analysis of the September transactions. For transactions affecting stockholders' equity, select appropriate explanation in the right margin. Assets Liabilities + Stockholders' Equity + Equipment Accounts Payable Cash + Stockholders' Equity Sept. 1 25 30