2) Record the business transactions listed below and prepare a P&L and Balance sheet ( use the grid format) (Year one of the Compnay) a) The Company issued $ 200,000 of common stock for cash. b) The Company borrowed $ 125,000 cash from the Bank. c) The Company purchased equipment for cash of $165,000 d) The Company purchased Inventory on 30 day credit terms for $ 90,000 e) The Company had sales revenue to customers of $ 180,000 on account f) The Company paid cash for salary expense to employees of $ 70,000 g) The Company had cost of product expense of $ 60,000. The product was taken from Inventory h) The Company paid a cash dividend of $ 12,000 i) The Company paid cash for Insurance expense for the period of $8,000 j) The Company collected $140,000 in cash from transaction e above