The following events occurred for Favata Company a. Received $12,000 cash from owners and issued stock to them. b. Borrowed $9,000 cash from a bank and signed a note due later this year. C. Bought and received $1,000 of equipment on account. Purchased land for $16,000; paid $1,400 in cash and signed a long-term note for $14,600 Purchased $5,000 of equipment, paid $1,400 in cash and charged the rest on account Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and for decrease) on the accounting equation (Enter any decreases to account balances with a minus sign.) Assets Liabilities Help Save Check my ). perform transaction analysis and indicate the effect (+ for increase and for decrease) on the ases to account balances with a minus sign.) Liabilities Stockholders' Equity