The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $35.000. b. Receive cash of $27.000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $20.000. d. Pay utilities of $3,500 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.) Transaction (a) Answer is complete but not entirely correct. Stockholders Assets Liabilities Equity 35,000 S 0 S 35,000 27,000 IS 0 S 0 27,000 20.000 IS 35,000 IS 0 3.500 X S 3.500 (b) increase IS (b) decrease IS IS (d) IS