Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Landi Notes Payable (long-term) Retained Earnings Supplies $ 6,600 209,000 12,850 310,000 20,250 106,500 40,250 8,250 During the month of July, the company had the following activities: a. Issued 2,600 shares of common stock for $260,000 cash. b. Borrowed $41,000 cash from a local bank, payable in two years. c. Bought a building for $182,500; paid $49,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $166,000. e. Purchased supplies for $17,400 on account.