Assume Downer.com was organized on May 1, to compete with Despair, Inc.a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.coms operations. Received $70,000 cash from the investors who organized Downer.com Corporation. Borrowed $25,000 cash and signed a note due in two years. Ordered computer equipment costing $18,500. Purchased $11,500 in equipment, paying $3,000 in cash and signing a six-month note for the balance. Received