The following events occurred for Johnson Company a. Received investment of cash by organizers and distributed to them 1190 shares of $1 par value common stock with a market price of $15 per share b. Purchased $7,400 of equipment, paying $1.200 in cash and owing the rest on accounts payable to the manufacturer c Borrowed $15,000 cash from a bank. d. loaned $700 to an employee who signed a note: e. Purchased $24,551 of land pald $5,000 in cash and signed a note for the balance Required: For each of the events (a) through (0) perform transaction analysis and indicate the account amount, and direction of the effect f* 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.) Stockholders' Equity Event Assets Liabilities b. d