Freetrade Corporation was organized on May $1.$ The following events occurred during the first month.Received $$69,000$ cash and a building valued at $$255,000$ from the five investors who organized Freetrade.Ordered store fixtures costing $$18,000.$Borrowed $$13,000$ cash and signed a note due in two years.Purchased $$14,000$ of equipment, paying $$1,600$ in cash and signing a six$-$month note for the balance.Lent $$1,600$ to an employee who signed a note to repay the loan in three months. No interest will be charged.Received and paid for the store fixtures ordered in $($b$).$