Updates Wildhorse Co.entered into these transactions during May 2022, its first montoperations. PLUS 1. Stockholders invested $31.500 in the business in exchange for com s tock of the company. 2. Purchased computers for office use for $33,800 from Laddon unt. 3. Paid $4,100 cash for May rent on storage space. 4. Performed computer services worth $18,600 on accut 5. Performed computer services for Wharton Comruction Company for $6,400 cash. 6. Paid Western States Power Co. $8,000 cash for energy usage in May. 7. Paid Ladd for the computers purchasesfin (2). 8. Incurred advertising expense for May of $3,100 on account. 9. Received $11,000 cash from customers for contracts billed in (4) Using the following fabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues O kpenses in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders'Equity place a negativign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See illustportion 3-4 for example.) Assets Liabilities Cash Accounts Receivable + Equipment Accounts Payable Assets = Liabilities Cash Accounts Receivable pment Accounts Payable Stockholders'Equity Common Stock Retainedings Revenues - Expenses