[The following information applies to the questions displayed below] Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are: During the year, the company had the following summarized activities: a. Purchased equipment that cost $27,850; paid $6,750 cash and signed a two-year note for the balance. b. Issued an additional 4,200 shares of common stock for $42,000cash. c. Borrowed $67,500 cash from a local bank, payable June 30 , in two years. d. Purchased supplies for $7,350 cash. e. Built an addition to the factory buildings for $74,250; paid $36,500 in cash and signed a three-year note for the balance. f. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked. 1. Analyze transactions (a)() to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)