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Question(s) / Instruction(s):

ACCT2020 During 2012, Estes entered into the following transactions.

 1.           Purchased property, plant, and equipment for $286,176 cash.

 2.           Issued common stock to investors for $137,590 cash.

 3.           Purchased inventory of $77,662 on account.

Required:

Using the following tabular analysis, show the effect of each transaction on the accounting equation. 

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