The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $15 per share. b. Purchased $7,600 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. C. Borrowed $8,000 cash from a bank. d. Loaned $1,500 to an employee who signed a note. e. Purchased $16,025 of land; paid $6,000 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.)