2. Sam opened a medical practice specializing in surgery. During the first month of operation (March), the business, titled Harry Sam, professional Corporation (P.C.), experienced the following events. Analyze the effects of these events on the accounting equation of the medical practice of Harry Sam, P.C. (20 points) Mar 6 Sam invested $42,000 in the business, which in turn issued its ordinary shares to him.- Mar 9 The business paid cash for land costing $25,000. Sam plans to build an office building on the land. Mar 12 The business purchased medical supplies for $16,000 on account.- Mar 15 The Harry Sam, P.C., officially opened for business. Mar 16 Sam treated patients and earned service revenue of $7,700, receiving cash for half the revenue earned Mar 17 The business paid cash expense: employee salaries $900; office rent $900; utilities $200.- Mar 19 The business sold supplies to another physician for cost of $200.- Mar 28 The business borrowed $18,000, signing a note payable to the bank. Mar 31 The business paid $1,100 on account