Analyze the following transactions and show their effects on the basic accounting equation, by preparing a template as follows:

a. Received $250,000 from the issuance of shares.

b. Borrowed $100,000 from the bank at 6% per year.

c. Purchased equipment for $178,000.

d. Purchased inventory costing $75,000, paying $50,000, with the balance on account.

e. Recorded sales of $92,000 (half cash and half on account) to customers. The inventory related to these sales had a cost of $49,000.

f. Paid $20,000 to suppliers related to the purchase on inventory in transaction (d).

g. Paid $3,700 in wages to employees.

h. Repaid loan principal of $4,000 plus interest of $1,200 related to the bank loan.

i. Recorded depreciation of $22,600 on the company’s equipment.

j. Declared dividends of $8,000.