The following events occurred for Favata Company:

1. Received $16,000 cash from owners and issued stock to them.
2. Borrowed $13,000 cash from a bank and signed a note due later this year.
3. Bought and received $1,400 of equipment on account.
4. Purchased land for $24,000; paid $2,200 in cash and signed a long-term note for $21,800.
5. Purchased $9,000 of equipment; paid $2,200 in cash and charged the rest on account.

ter any decreases to account balances with a minus sign.) Assets Liabilities + Stockholders' Equity