Current Attempt in Progress During 2022, Crane Company entered into the following transactions. 1. Purchased equipment for $293,530 cash. 2. Issued common stock to investors for $139,730 cash. 3. Purchased inventory of $65,520 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Uability or Equity item that was reduced. See Illustration 3-4 for example.) iabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease r Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, m that was reduced. See Illustration 3-4 for example.)