Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1 : During the month of July, the company had the following activities: 1. Issued 2,000 shares of common stock for $200,000 cash. 2. Borrowed $30,000 cash from a local bank, payable in two years. 3. Bought a building for $141,000; paid $41,000 in cash and signed a three-year note for the balance. 4. Paid cash for equipment that cost $100,000. 5. Purchased supplies for $10,000 on account