Atlanta Corporation's balance sheet at March 30, 20X4, contained only the following items (arranged here in random order): Cash Notes payable Merchandise Inventory Pald-In capital Land 10,000 10,000 40,000 80,000 14,000 Accounts payable Furniture and fixtures Long-term debt payable Building Machiney and equipment 8,000 3,000 12.000 28,000 15,000 On March 31, 20X4, these transactions and events took place: 1. Purchased merchandise on account, $4,000. 2. Sold at cost for $1,000 cash some furniture that was not needed. 3. Issued additional capital stock for machinery and equipment valued at $12,000. 4. Purchased land for $25,000, of which $5,000 was paid in cash, the remaining being represented by a 5-year not (long-term debt). 5. The building was valued by professional appraisers at $47,000. Prepare in good form a balance sheet for March 31, 20X4, showing supporting computations for all new amounts