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"Exercise 3-2 Orlole Company entered into these transactions during May 2017, its first month of operations 1 Stockholders invested $ 36,000 in the business in exchange for common stock of the company 2. Purchased computers for office use for $33,300 from Ladd on account 3. Pald $3,800 cash for May rent on storage space 4. Performed computer Services worth $16.500 on account 5. Performed computer services for Wharton Construction Company for $3,600 cash 6. Pald Western States Power Co. 57,700 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2) 8. Incurred advertising expense for May of $3,000 on account. 9. Received $10,000 cash from customers for contracts billed in (4) Using the following tabular analysis show the effect of each transaction on the accounting equation, Put explanations for changes to Stockholders' Equity in the far right column (If a tran amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example) + Stockholders' Equity Liabilities Accounts Pavable Cash Assets Accounts Receivable + Equipment Common Stock Retained Earnings Revenues Expenses 30,000 30,000 -3,800 7,700 -23300 10,000 ,000