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Question 5 (of 11) M2-9 Determining Financial Statement Effects of Several Transactions [LO 2-2] For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) Borrowed $4,540 from a local bank on a note due in six months. b. Received $5,230 cash from investors and issued common stock to them. c. Purchased $1,600 in equipment, paying $500 cash and promising the rest on a note due in one year. d. Paid $600 cash for supplies e. Bought and received $1,000 of supplies on account