The following events occurred for Taylor Corporation: a. Received investment of $17,000 cash by organizers and distributed 1,000 shares of $1 par value common stock to them. b. Purchased $4,000 of equipment, paying $500 in cash and signing a note for the rest. c. Borrowed $4,500 cash from a bank. d. Loaned $250 to an employee who signed a note. e. Purchased $7,500 of land; paid $2,000 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. Use the following headings: Event Assets = Liabilities + Stockholders Equity