Aracel Engineering completed the following transactions in the month of June. J. Aracel, the owner, invested $155,000 cash, office equipment with a value of $6,000, and $73,000 of drafting equipment to launch the company in exchange for common stock. The company purchased land worth $54,000 for an office by paying $7,500 cash and signing a note payable for $46,500. The company purchased a portable building with $53,000 cash and moved it onto the land acquired in b. The company paid $4,100 cash for the premium on an 18-month insurance policy. The company provided services to a client and collected $7,900 cash. The company purchased $27,000 of additional drafting equipment by paying $9,400 cash and signing a note payable for