Ag Bio Tech (ABT) was organized on January 1 by four friends. Each organizer invested $17,500 in the company and, in turn, was issued 14,000 shares of common stock. To date, they are the only stockholders During the first month (January), the company had the following five events a Collected a total of $70,000 from the organizers and, in turn, issued the shares of stock. b. Purchased a building for $88,000, equipment for $18,500, and three acres of land for $25,200; paid $35,000 in cash and signed a note for the balance, which is due to be paid in 15 years C. One stockholder reported to the company that 1.200 shares of his ABT stock had been sold and transferred to another stockholder for $12,000 cash d. Purchased supplies for $4,550 cash e. Sold one acre of land for $8,400 cash to another company Required to prepare a summary of the preceding transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. (Enter any decreases to account balances with a minus sign.) LiabilitiesStockholders' Equity Common Retained Assets Notes Cash Supplies Land Building Equipment Beg ype here to search DOLL FS FB FS F1o