LEARNING OF FIVE Demonstrate how certain business transactions affect the elements of the accounting equation: Assets = Liabilities + Owners' Equity $51.200 Early in January, the following transactions were carried out by Maxwell Con 1. Sold capital stock to owners for $35,000. 2. Purchased land and a small office building for a total price of $90,000, of which $35,000 was the value of the land and $55.000 was the value of the building. Paid $22,500 in cash and signed a note payable for the remaining $67,500. 3. Bought several computer systems on credit for $9.500 (30-day open account). 4. Obtained a loan from Capital Bank in the amount of $20,000. Signed a note payable. 5. Paid the $22.250 account payable due as of December 31