Travel Connection was organised on 1 September and completed the following transactions within a short time: (a) K. Bell deposited $25 000 of personal funds in a bank account in the name of the new business. (b) (d) Purchased land and a building for a total price of $80 000, of which $30 000 was the value of the land and $50 000 was the value of the building. Paid $20 000 in cash and signed a bill payable for the remaining $60 000. (c) Bought office equipment on credit for $47500 (30-day open account). Obtained a bank loan for the amount of $8000. Signed a bill payable. Paid $6000 of the accounts payable. (e) (f) K. Bell invested an additional $3000 personal funds in the business by depositing cash in the business bank account. Construct a tabular arrangement of the accounting equation as illustrated. The column headings should be as follows: Owner's Assets Liabilities + Equity Cash + Office +Land + Building Equipment Accounts + Bills Payable Payable + K. Bell Capital Required: Use a separate line of the table to show the effects of each transaction on the assets, liabilities and owner's equity. Identify each transaction by letter along the left margin of the table. Show totals for all columns after transaction (b) and after each subsequent transaction.