Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $250,000 cash, office equipment with a value of $7.000, and $79,000 of drafting equipment to launch the company in exchange for common stock b. The company purchased land worth $60,000 for an office by paying $9,900 cash and signing a long-term note payable for $50,100. c. The company purchased a portable building with $54.000 cash and moved it onto the land acquired in b. d. The company paid $5,000 cash for the premium on an 18-month insurance policy. e. The company completed and delivered a set of plans for a client and collected $6,300 cash. f. The company purchased $20,000 of additional drafting equipment by paying $9,400 cash and signing a long-term note payable for $10.600. g. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. h. The company purchased $1,900 of additional office equipment on credit. i. The company completed engineering services for $22,000 on credit. j. The company received a bill for rent of equipment that was used on a recently completed job. The $1,326 rent cost must be paid within 30 days. k. The company collected $8.000 cash in partial payment from the client described in transaction g. 1. The company paid $2,200 cash for wages to a drafting assistant m. The company paid $1,900 cash to settle the account payable created in transaction h. n. The company paid $1,165 cash for minor maintenance of its drafting equipment. 1 C 0 ** $ 4 % 5 & 7. 3 6 8 9 0