! Required Information Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are Cash Accounts Receivable Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Land Accounts Payable Notes Payable (due in three years) Common Stock Retained Earnings $ 42,750 9,100 51,000 8,950 6,800 120,000 206,000 44,950 55,500 125,500 150,000 157,850 During the year, the company had the following summarized activities: a. Purchased equipment that cost $33,700; paid $8,200 cash and signed a two-year note for the balance. b. Issued an additional 3,500 shares of common stock for $35,000 cash. c. Borrowed $51,000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $5,350 cash. e. Built an addition to the factory buildings for $57,500; paid $19,750 in cash and signed a three-year note for the balance. f. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked. Required: 1. Analyze transactions (0)-() to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Required: 1. Analyze transactions (a)-in to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus slgn.) Assets Liabilities Stockholders' Equity a. Cash Accounts Payable b. Io Cash d. t