The Marchetti Soup Company entered into the following transactions during the month of June:

(1) Purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system);

(2) Paid $40,000 in salaries to employees for work performed during the month;

(3) Sold merchandise that cost $120,000 to credit customers for $200,000;

(4) Collected $180,000 in cash from credit customers; and

(5) Paid suppliers of inventory $145,000. Analyze each transaction and show the effect of each on the accounting equation for a corporation.