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Analyzing the Effects of Transactions in T-Accounts Precision Builders Construction Company was incorporated by Chris Stoschek. The following activities occurred during the 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. Purchased construction equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and 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. Chris Stoschek purchased for personal use; paid $5,000 down and signed a one-year note for $22,000 Required: 1. Create T-accounts for the following accounts: Cash, Notes Receivable, Equipment, Land, Notes Payable, Common Stock, and Additional Paid-in Capital. Beginning balances are $0. For each of the transactions (a) through (e), record the effects of the transaction in the appropriate T-accounts. Include good referencing and totals for each T-account. 2. Using the balances in the T-accounts, fill in the following amounts for the accounting equation: Assets Liabilities Stockholders' Equity 3. Explain your response to event (d 4. Compute the market value per share of the stock issued in (a)