b. Indicate the effects of each transaction on the company's assets, abilities, and equity for the month of February Organize your analysis in tabular form as shown for the February 1 transaction (Input all amounts as positive values. Round your answers to the nearest dollar amount. Omit the "S" sign in your response): Transaction Feb. 1 Assets + $500,000 (Cash) Liabilities + $500,000 (Share Capital) Transaction Feb. 1 Liabilities Feb. 10 (Share Capital) (Notes Payable) Feb. 16 . Feb. 18 Assets (Cash) (Land) (Office Building) (Cash) (Computer Systems) (Cash) (Office Furnishings) (Cash) (Office Supplies) (Cash) (Accounts Receivable) (Computer Systems) (Cash) (Cash) (Accounts Receivable) (Accounts Payable) $ Feb. 22 Feb. 23 . (Accounts Payable) . Feb. 27 Feb. 28 5.00 points Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture The business transactions during February while the company was being organized are listed below. Feb. 1 Grimes and several others invested $500,000 cash in the business in exchange for 25,000 shares. Feb. 10 The company purchased office facilities for $285,000, of which $95,000 was applicable to the land and $190,000 to the building. A cash payment of $57,000 was made and a note payable was issued for the balance of the purchase price. Feb. 16 Computer equipment was purchased from PCWorld for $11,200 cash. Feb. 18 Office furnishings were purchased from Hi-Way Furnishings at a cost of $9.450 A $945 cash payment was made at the time of purchase, and an agreement was made to pay the remaining $8,505 in two equal installments due March 1 and April 1. Hi-Way Furnishings did not require that Heartland sign a promissory note. Feb. 22 Office supplies were purchased from Office World for $435 cash Feb. 23 Heartland discovered that it paid too much for a computer printer purchased on February 16. The unit should have cost only $350, but Heartland was charged $395. PCWorld promised to refund the $45 within seven days. Feb. 27 Mailed Hi-Way Furnishings the first $4.253 due on the account payable for office furnishings purchased on February 18. Feb. 28 Received $45 from PCWorld in full settlement of the account receivable created on February 23