During 2022, Skysong Corp. entered into the following transactions. 1. Borrowed $55,200 by issuing a note.
2. Paid $8,280 cash dividend to stockholders.
3. Received $11,960 cash from a previously billed customer for services performed.
4. Purchased supplies on account for $2,852.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)