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. Balances Assets Accounts Liabilities + Equity Office Notes Accounts Cash + Receivable + Trucks + Equipment $9,500 $13,900 $68,000 $3,800 Share Payable + Payable + Capital $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 $2,700. Paid cash. 2. Collected $5,600 of accounts receivable. 3. Paid $2,200 of accounts payable. 4. Borrowed $20,000 from a bank. Signed a note payable for that amount. 5. Purchased two trucks for $28,000. Paid $15,000 cash and signed a note payable for the balance. 6. Sold additional shares to investors for $91,000. b. Record the effects of each of the six transactions in the preceding tabular arrangement. Show the totals for all columns after each transaction. (Only enter the dollar amount of the transactions. Indicate the negative effect by entering "-" before the amount. Omit the "$" sign in your response.) Assets Liabilities Accounts Office Accounts Cash December 31 balances $ 9,500 $ + Receivable + 13,900 $ Trucks 68,000 $ + Equipment = Notes Payable + 3,800 $ 20,000 $ Payable + 10,200 $ (1) Balances (2) Balances (3) Balances (4) $ $ Equity Share Capital 65,000