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The items making up the balance sheet of KLW Labs at December 31 are listed below in tabular form similar to the illustration of the accounting equation format. KLW Labs, Dec 31, 20XX Owners' Assets Liabilitie:s + Equit Accounts Office Notes Accounts Capital Cash Receivable Trucks Equipment Payable PayableStock Balances $8,200 $9,600 $65,000 $4,000 $15,000 $6,100 $65,700 During a short period after December 31, KLW Labs had the following transactions: 1. Bought office equipment at a cost of $3,200. Paid cash 2. Collected $5,000 of accounts receivable 3. Paid $1,200 of accounts payable 4. Borrowed $8,000 from a bank. Signed a line of credit (also called production loan) for that amount. 5. Purchased two trucks for $40,000. Paid $10,000 cash and signed a loan for the balance 6. Sold additional stock to investors for $22,000 Instructions Starting with the above stated December 31 balances of assets, liabilities, and owners' equity in tabular form as shown above, record the effects of each of the six transactions in the tabular arrangement illustrated above. Show the totals for all columns after each transaction. (12 points or 2 points each transaction)