A company issues 5400,000 in new stock. It later uses the cash received to purchase land. What accounts are affected by these two transactions Common Stock and Land Common Stock Cash and Investments Cash, Common Stock, and Investments, and Land Common Stock Cash and Land A company was formed with 5.300.000 cash contributed by its owners in exchange for common stock. The company borrowed 5150.000 from a bank. The company purchased 550.000 of inventory and pal company also purchased 5350,000 of equipment by paying 550.000 in cash and issuing a note for the remainder. What is the amount of the total liabilities to be reported on the balance sheet? 50 $450.000 5400.000 5300.000 Days to sell measures the average number of: days from the time inventory is purchased to the time it is sold times per year inventory is purchased days sales in accounts payable times per year receivables are collected