Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far-right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Current Attempt in Progress During 2025, Cullumber Company entered into the following transactions. 1. Purchased equipment for $277,720 cash. 2. Issued common stock to investors for $135,480 cash. 3. Purchased inventory of $66,390 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Transactions made by Cullumber Co. for the month of March are shown below. 1. The company performed $19,640 of services for customers on account. 2. The company received $19,640 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $1,840 of advertising but will not pay it until a later date. 4. Cullumber Co. paid a cash dividend of $4,300. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Revenues (1) $ (2) (3) (4) (5) (6) (7) (8) (9) (10) $ $ $ Prepare an income statement for the month of July 2025. WILDHORSE CO. Income Statement $ $ eTextbook and Media During 2025 , its first year of operations as a delivery service, Sandhill Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $109,000 in cash. 2. Borrowed $53,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $4,100 on account. 6. Paid rent of $6,200. 7. Performed services on account for $11,900. 8. Paid salaries of $28,600. 9. Paid a dividend of $11,200 to stockholders. On April 1, Wildhorse Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,100 cash in the company in exchange for common stock. 2. Paid $530 cash for April office rent. 3. Purchased office equipment for $3,010 cash. 4. Purchased $120 of advertising in the Chicago Tribune, on account. 5. Paid $330 cash for office supplies. 6. Performed services worth $11,600. Cash of $2,400 is received from customers, and the balance of $9,200 is billed to customers on account. 7. Paid $540 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,380. 10. Received $9,200 in cash from customers billed previously in transaction (6). Current Attempt in Progress The accounts in the ledger of Wildhorse Co. contain the following balances on July 31, 2025