The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system); (2) paid $40,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $120,000 to credit customers for $200,000; (4) collected $180,000 in cash from credit customers; and (5) paid suppliers of inventory $145,000. Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.) Answer is complete but not entirely correct. Assets Liabilities + + Retained Earnings Paid in capital 165,000 X $ $ (1) (2) 165,000 40,000 X 200,000 180,000 X 145,000 & (3) 165,000 (40,000) X 200,000 X (180,000) X (145,000) (40,000) 200,000 X (4) (5) (145,000)