The items making up the statement of financial position of Rankin Truck Rental at December 31 are listed below in tabular form similar to the illustration of the accounting equation in Exhibit 2-11. Assets Liabilities + Equity Notes Accounts Office Accounts Share Cash + Receivable+ Trucks +Equipment= Payable + Payable + Capital Balances $9,500 S13,900 $68,000 $3.800 $20,000 $10,200 $65,000 During a short period after December 31, Rankin Truck Rental had the following transactions: 1. Bought office equipment at a cost of $3,400. Paid cash. 2. Collected $5,000 of accounts receivable. 3. Paid $2,400 of accounts payable. 4. Borrowed $20,000 from a bank. Signed a note payable for that amount. 5. Purchased two trucks for $30,000. Paid $13,000 cash and signed a note payable for the 6. Sold additional shares to investors for $90,000. b. Record the effects of each of the six transactions in the preceding tabular arrangement. Show the totals for all columns after each transaction. (Only enter the dollar amount of the transactions. Indicate the negative effect by entering "-" before the amount. Omit the "$" sign in your response.) Assets Liabilities Equity Accounts Receivable + Cash + Trucks + + Office Equipment = 3,800 $ Notes Accounts Share Capital Payable + Payable 20,000 $ 10,200 $ 65,000 $ 9,500 $ 13,900 $ 68,000 $ December 31 balances (1) Balances $ $ S $ $ $ $ (2) Balances $ $ S $ $ $ $ (3) Balances $ $ $ $ $ S (4) Balances $ S $ $ S (5) Balances $ $ $ $ (6) Balances $ $ $