Higgins Company began operations last year. You are a member of the management team investigating expansion ideas that will require borrowing funds from The following transactions occurred in current year. Borrowed $3,000 from a local bank, signing a note due in three years. Sold $800 of the investments for $800 cash. Sold one-half of the property and equipment for $1.350 in cash. Declared and paid $380 in cash dividends to stockholders