Assume Down.com was organized on May 1, to compete with Despair.com-a company that sells de- motivational posters and office products. The following events occurred during the first month of Down.com's operations. a. b. c. d. e. Received $39,000 cash from the investors who organized Down.com Corporation. Borrowed $18,000 cash and signed a note due in two years. Ordered equipment costing $21,000. Purchased $9,000 in equipment, paying $3,000 in cash and signing a six-month note for the balance. Received the equipment ordered in (c), paid for half of it, and put the rest on account