Your answer is partially correct.

During $2022,$ its first year of operations as a delivery service, Culver Corporation entered into the following transactions.

Issued shares of common stock to investors in exchange for $$137,000$ in cash.

Borrowed $$44,000$ by issuing bonds.

Purchased delivery trucks for $$57,000$ cash.

Received $$14,000$ from customers for services performed.

Purchased supplies for $$4,700$ on account.

Paid rent of $$4,300.$

Performed services on account for $$11,700.$

Paid salaries of $$27,300.$

Paid a dividend of $$11,500$ to shareholders.

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, see Illustration $3-4$ for

example.$)$