Performance Plastics Company (PPC) has been operating for three yesra. The beginning account balances are Accounts Receivable Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Accounts Payable Notes Payable (due in three years) Common Stock $ 57,25 8,80 42,500 9,758 5,300 91,80 150,00 46,500 Land 92,00 158, 133,55 Mutained Earnings During the year, the company had the following summarized activities: .. Purchased equipment that cost $29,450, pid $7750 cash and signed a twoyear note for the balance. b. Issued an additional 4,000 shares of common stock for $40,000 cash. cBorrowed S97,000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $3,250 cash - Built an scoition to the factory buildings for $51,500 psl $15.250 In cash and signed a three-year note for Hired a new president to start January 1 of next year. The contract was for 595,000 for each full year workes. the balance Required: 1. Analyze transactions (6)-17 to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign) Accato 11 Brookhol Llabilities Notes Payable shorterm Equipment Cash b. Cash c. Notes Payable long-term d. Supplies Cash c. Buildings Cash 1. Notes Payable shorterm Supplies Supplies Notes Payable short-term