The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,010 shares of $1 par value common stock with a market price of $5 per share. b. Purchased $8,200 of equipment, paying $1,400 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $5,000 cash from a bank. d. Loaned $600 to an employee who signed a note. e. Purchased $23,159 of land; paid $4,000 in cash and signed a mortgage 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.) Assets Liabilities Transaction a. Cash Stockholders' Equity Common stock Additional paid-in capital 1,010 Equipment Accounts payable 6,800 Cash 8,200 (1,400) 5,000 Cash Notes payable 5,000 d. Cash Notes receivable Land Cash (600) 600 23,159 (4,000) e. Mortgage notes payable 19,159