Company (PPC) has been operating for three years. The beginning account balances $ 39,500 9,800 57,750 8,900 5, 700 116,000 209,000 52,000 52,508 102,000 150, 000 194,15e Accounts Receivable Inventory Notes Receivable (due in three years) , Equipment Buildings Land Accounts Payable Notes Payable (due in three years) During the year, the company had the following summarized activities a. Purchased equipment that cost $24.350: paid $5.450 cash and signed a two-year note for the balance b Issued an additional 2,700 shares of common stock for $27000 cash. c. Borrowed $99.000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $6,100 cash. e Built an addition to the factory buildings for $68,000, po d $25.750 in cash and signed a three-year note for balance Hired a new president to stert January Tof next year The contract wes for s95,000 for each full year uired