\begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline Deginning Balance & & & \multicolumn{2}{|c|}{ Credit } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Precision Builders construction company was incorporated by Chris Stoscheck. Assume the following activities occurred during the yeor: a. Received from three investors $60,000 cash and land valued at $35,000; each investor was issued 1,000 shares of common stock with a par value of $0.10 per share. b. Purchased construction equipment for use in the butiness at a cost of $36,000; one-fourth was paid in cash end the company signed a note for the balance (due in six months). c. Lent $2,500 to one of the investors, who signed a note due in six months d. Chris \$ioscheck purchased a truck for personal use, paid $5,000 down and signed a one-year note for $22,000. e. Paid $12,000 on the note for the construction equipment in (b) (g)ore interest). Required: 1. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. 2. Using the balances in the T-accounts, fill in the following amounts for the accounting equation: 4. Compute the market value per share of the stock. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the market value per share of the stock. Note: Round your answer to 2 decimal places