Deliberate Speed Corporation (DSC) 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) Retained Earnings Supplies $ 25,200 147,000 40,750 235,000 159,500 279,000 6,600 373,650 14,200 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 $118,000 cash from a local bank, payable in two years. c. Bought a building for $276,750; paid $87,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $237,000. e. Purchased supplies for $39,000 on account.