During 2022, Rostock Company entered into the following transactions. 

1. Purchased equipment for $286,176 cash. 

2. Issued common stock to investors for $137,590 cash. 

3. Purchased inventory of $68,480 on account. 

Using the following tabular analysis, show the eff ect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. Use Illustration 3.4 as a model. 

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Assets = Liabilities + Stockholders' Equity Common Stock Accounts Retained + Earnings Cash + Inventory + Equipment = Payable