The Sebulba Podracer Company entered into the following transactions during the month of June: (1) purchased inventory on account for $230,000 (assume Sebulba uses a perpetual inventory system); (2) paid $57,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $154,000 to credit customers for $285,000; (4) collected $265,000 in cash from credit customers; and (5) paid suppliers of inventory $210,000. Analyze each transaction and show the effect of each on the accounting equation for Sebulba. Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation. Assets Liabilities + Paid-in capital + Retained Earnings (1) (2) (3) (4)