00 6 1 Part 2 of 2 points eBook Required information [The following information applies to the questions displayed below.] Higgins Company has been operating for one year (2014). You are a member of the management team Investigating expansion ideas that will require borrowing funds from banks. At the start of 2015, Higgins's T-account balances were as follows: Assets: Cash Short-Term Investments Property and Equipment 2,700 2,600 + 5,000 Hint Liabilities: Print Short-Term Notes Payable Long-Term Notes Payable 1,800 330 Reference Stockholders' Equity: Common Stock Additional Paid-In Capital Retained Earnings 800 3,200 4,170 The following transactions occured in 2015: (a) Borrowed $2,300 from a local bank, signing a note due in three years. (b) Sold $800 of the investments for $800 cash. (c) Sold one-half of the property and equipment for $1,300 in cash. (d) Declared and paid $350 in cash dividends to stockholders. 2. Enter the above 2015 transactions in the T-accounts: Beg. Bal. Cash 5,000 Beg. Bal. Short-term Investments 2,700 End. Bal. End. Bal. Beg. Bal. Property & Equipment 2,600 Short-term Notes Payable Beg. Bal. 1,800 End. Bal. End. Bal. Long-term Notes Payable Common Stock Beg. Bal. 330 Beg. Bal. 800 End. Bal. End. Bal. Beg. Bal. Additional Paid-in Capital 3,200 Beg. Bal. Retained Earnings 4,170 End. Bal. End. Bal.