Brief Exercise 3-2 During 2017, Blue Spruce Corp. entered into the following transactions. 1. 2. 3. 4. Borrowed $58,100 by issuing bonds. Paid $8,540 cash dividend to stockholders. Received $14,200 cash from a previously billed customer for services performed. Purchased supplies on account for $2,600 Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (If a transaction causes a decrease in Assets, Liabllitles or Stockholders' 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 3-3 for example.) Assets Liabilities Stockholders' Equity Cash Accounts Receivable Supplies = Accounts Payable + Bonds Payable + Common Stock Retained Earnings Click if you would like to Show Work for this question: Open Show Work