Soar Inc. enters into the following transactions: a. Stockholders contribute $11,800 cash to a company in exchange for common stock. b. The company purchases $5,900 to buy new equipment by paying cash. c. The company pays $3,180 to suppliers on account. Required: a. Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Transaction Analysis Assets Liabilities Stockholders' Equity 11,800 a. Equipment io. (5,900) (3,180) 3,180