a. 1. A firm has $10,000 in manufacturing equipment and $5,000 cash owned by the shareholders. In each of the transactions below, identify the financial or real assets being transferred, created, or destroyed. The firm takes out a loan from a bank, receiving $20,000 in cash and signing a promissory note to repay the loan in 3 years b. The firm uses the cash from the bank loan, plus $2,000 of its own cash, to pay employees to design a new product C. The firm sells its product design to a larger firm that will manufacture and sell it. In exchange it receives 100,000 shares of stock in the larger firm. d. The firm sells these shares for $250 each, and uses the proceeds to repay the bank loan. It keeps the rest of the cash as an asset on the balance sheet