You are presented with the following transactions for Paddick Enterprises Ltd. for the month of February: Feb. 2 Purchased supplies on account, $500. 3 Purchased equipment for $14,000 by signing a bank loan due in three months. 6 Earned service revenue of $58,000. Of this amount, $28,000 was received in cash. The balance was on account. 13 Declared and paid $500 of dividends to shareholders. 18 A customer paid $2,100 in advance for services to be performed next month. 20 Paid the amount owing for the supplies purchased on February 2. 23 Collected $30,000 of the amount owing from the February 6 transaction. 24 Paid office expenses for the month, $22,000. 27 Recorded salaries due to employees for work performed during the month, $12,000. 28 Paid interest of $50 on the bank loan signed on February 3. Prepare an equation analysis. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.2 for example.) Transaction Feb. 2 $ 3 6 13 18 20 2 2 2 2 23 Cash Assets Accounts Receivable + Supplies Equip $ $ Prepare an equation analysis. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.2 for example.) Equipment $ Liabilities Accounts Payable + Bank Loan Payable $ $ Deferred Revenue Prepare an equation analysis. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.2 for example.) Shareholders' Equity Retained Earnings + Salaries Payable Service Revenue Office Expense Dividends Declared $ $ $ $ i Office Expense $ Shareholders' Equity Retained Earnings Dividends Declared $ Salaries Expense Interest Expense $