1) (20pts) On the first day of the year, a new company, ACME, led by Mr. W.E. Coyote: a. Issued 1,000 shares, Par Value $.01 per share, issued at $100 per share. b. Borrowed $50,000 from bank, annual interest rate 3%, due in nine months c. Issued a $850,000 bond maturing in 5 years (4% interest payments annually). d. Purchased a small factory for $780,000 in cash Show below Balance Sheet values at the end of day 1 (but before any depreciation or interest accrues). Cash : Bank Debt: Factory : Bond : Assets : Liabilities : Common Stock Addtl Paid in Capital : Retained Earnings : Equity Show the formulas you used to calculate e. Cash f. APIC 2) (5pts) What is the quick ratio at end of day 1? show your work 3) (5pts) The price per share rises to $120 per share. Investors in the IPO who held on to their shares have a 20% increase in market value. What is the impact on ACME's Balance Sheet and explain why, briefly