Ag Bio Tech (ABT) was organized on January 1 by four friends. Each organizer invested $11, 250 in the company and, in turn, was issued 9, 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 $45, 000 from the organizers and, in turn, issued the shares of stock. b. Purchased a building for $69, 000, equipment for $30, 250, and three acres of land for $36, 250: paid $10, 750 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 700 shares of his ABT stock had been sold and transferred to another stockholder for $7, 000 cash. d. Purchased supplies for $4, 000 cash. e. Sold one acre of land for $6, 250 cash to another company. During the first month, the records of the company were inadequate. You were asked 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.)