Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) $91,000 660,000 106,000 330,000 180,000 $24,000 9,000 1,046,000 Retained Earnings Supplies 6,000 During the month of July, the company had the following activities: a. Issued 4,500 shares of common stock for $450,000 cash. b. Borrowed $140,000 cash from a local bank, payable in four years. c. Bought a building for $198,000, paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $106,000. e. Purchased supplies for $106,000 on account.