Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $500,000 cash in the business in exchange for 39,000 shares of capital stock. Feb. 10 The company purchased office facilities, for $285,600, of wich $95,060 was applicable to the land and $190,000 to the building. A cash payment of 557,000 was nade and a note payable was issued for the balance of the purchase price. Feb. 16 Conputer equipeent was purchased from PCworld for $12,500 cash. Feb. 18 office furnishings were purchased tron Hi-Way Furnishings at a cost of 59,250 . A 5925 cash paysent was nade at the tine of purchase, and an agreenent was made to pay the renaining batance in two equal installinents due March 1 and April 1. Hi-Nay Furnishings did not require that Heart land sign a pronissory note. Feb. 22 office supplies were purchased from office World for $345 cash. Feb. 23 Heartland discovered that it paid too much for a conputer printer purchased on February 16. The unit shoutd have cost only 5350 , but Heart land was charged s395. PCworld promised to refund the difference within seven days. Fob. 27 Malled Hi-Way Furnishings the first installment due on the account payable for office furnishings purchased on February 18. Feb. 28 Received $45 fron PCWorld in futl settlement of the account receivable created on February 23. Complete this question by entering your answers in the tabs below. Indicate the effects of each transaction on the company's assets, liabilities, and owners' equity for the month of February, The Feb. 1 transaction is provided for you. deducted should be indicated with minus sign.)