The following situations occurred for Mira Company. For each of the situations, indicate what element would be recorded in Mira's financial statements. If no element should be recorded select $"$No Element."

Purchased a delivery truck to deliver goods to customers.

Experienced increased customer loyalty over the past two years.

Received the property tax invoice from the municipal government.

Saw its sales staff voted best in customer service by the industry.

Borrowed funds from DT Bank of Canada.

$($Asset and Liability

Equity

Liability and Expense

No Element

Revenue$)$