The following events occurred for Favate Company a. Received $10,000 cash from owners and issued stock to them. Borrowed $7000 cash from a bank and signed a note due later this year, c Bought and received $800 of equipment on account Purchased land for $12,000; paid $1.000 in cash and signed a long-term note for $11,000. e Purchased $3,000 of equipment paid $1,000 in cash and charged the rest on account Required: For each of the events through (e) perform transaction analysis and indicate the account amount, and direction of the effect on the accounting equation (Enter any decreases to account balances with a minus sign.) Event Assets Geckholders' Equity b c d