The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price of $15 per share. b. Purchased $7,400 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $7,000 cash from a bank. d. Loaned $500 to an employee who signed a note. e. Purchased $19,577 of land; paid $4,000 in cash and signed a note for the balance. 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. Check that the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank.) Event a. Cash Equipment Assets Liabilities Common stock Cash Stockholders' Equity Additional paid-in capital Accounts payable b. C. d. e.