Singh Company started business on January 1, 2020. The following transactions occurred in 2020:

1.		On January 1, the company issued 10,000 common shares for $250,000.
2.		On January 2, the company borrowed $54,500 from the bank.
3.		On January 3, the company purchased land and a building for a total of $190,000 cash. The land was recently appraised at a fair market value of $57,000. (Note: Because the building will be depreciated in the future and the land will not, these two assets should be recorded in separate accounts.)
4.		Inventory costing $131,000 was purchased on account.
5.		Sales to customers totalled $208,000. Of these, $175,000 were sales on account.
6.		The cost of the inventory that was sold to customers in transaction 5 was $121,300.
7.		Payments to suppliers on account totalled $123,500.
8.		Collections from customers on account totalled $155,000.
9.		Payments to employees for wages were $58,300. In addition, there was $2,400 of unpaid wages at year end.
10.		The interest on the bank loan was recognized for the year. The interest rate on the loan was 6%.
11.		The building was estimated to have a useful life of 30 years and a residual value of $19,000. The company uses the straight-line method of depreciation.
12.		The company declared dividends of $7,200 on December 15, 2020, to be paid on January 15, 2021.

Question below (4 part question), please go through each part (please don't answer me with journal entries again, that isn't what the question is even asking):

Analyze the effects of each transaction on the basic accounting equation. (If an amount reduces the account balance then enter with negative sign. Indicate whether it is Revenue, Expense or Dividend Declared in the last column. In case if there is no effect then select "Not Applicable".) Assets Trans. Cash Accounts Receivable 1. $ 250000 $ 2. 54500 3. -190000 4. 5. 33000 175000 6. 7. -123500 8. 155000 -155000 9. -58300 Inventory $ 131000 -121300 Buildings $ 13