Following are the transactions of Dennen, Inc., for the month of January. a. Borrowed $26,500 from a local bank. b. Lent $8,000 to an affiliate; accepted a note due in one year. c. Sold to investors 50 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; received cash. d. Purchased $34,000 of equipment, paying $5,100 cash and signing a note for the rest due in one year. e. Declared and paid $1,700 in dividends to stockholders. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts and determine ending account balances. Beginning balances are provided. Beg. Bal. Cash 700 26,500 Beg. Bal. f(b) Notes Receivable 1,800 8,000 (c) 8,000 5,100 1,700 End. Bal. 9,800 End. Bal. 12,400 Notes Payable Equipment 25,000 34,000 Beg. Bal. (d) Beg. Bal. 1,700 26,500 28,900 End. Bal. 59,000 End. Bal. 57,100 Common Stock Beg. Bal. 2,650 Beg. Bal. Additional Paid-in Capital 800 995 End. Bal. 2,655 End. Bal. 1,795 Retained Earnings 22,350 Beg. Bal. 1,700 End. Bal. 20,650