Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company’s accounts included the following at June 30: Accounts Payable $ 64,000 Buildings 570,000 Cash 97,000 Common Stock 240,000 Equipment 162,000 Land 479,000 Notes Payable (long-term) 12,000 Retained Earnings 1,001,000 Supplies 9,000 During the month of July, the company had the following activities: a. Issued 3,600 shares of common stock for $360,000 cash. b. Borrowed $95,000 cash from a local bank, payable in four years. c. Bought a building for $180,000; paid $73,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $97,000. e. Purchased supplies for $97,000 on account. 4. Required: 1. Analyze transactions (a)–(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders.