The following transactions apply to Stegall Co. for 2014, its first year of operations. 1. Received $200,000 cash in exchange for issuance of common stock. 2. Secured a $400,000, 10-year installment loan from First Bank. The interest rate was 6 percent and annual payments are $54,348. 3. Purchased land for $120,000. 4. Provided services for $240,000 cash. 5. Paid other operating expenses of $170,000. 6. Paid the annual payment on the loan. Organize the transaction data in accounts under an accounting equation. (Accounts are: Assets-Cash+Land, Liabilities-Note Payable, and Stock. Equity-Common Stock+Retained Earnings)