i. Prepare journal entries for the above transactions. Complete the T-accounts below. Numbers already under the accounts represent the prior balance in that account. Figure 4.29 Opening T-Account Balances Cash 500,000 Accounts Receivable 650,000 Inventory 0 Land 22,000 Accounts Payable 100,000 Unearned Revenue 0 Salary Payable 120,000 Note Payable 430,000 Capital Stock 302,000 Cost of Goods Sold Retained Earnings 220,000 Sales Revenue 0 Salary Expense 0 Tax Expense 0 Dividends iii. Prepare a trial balance for February. Bowling Corporation had the following transactions occur during February: a. Bowling purchased $450,000 in inventory on credit. b. Bowling received $13,000 in cash from customers for subscriptions that will not begin until the following month. c. Bowling signed a note from Midwest Bank for $67,000. d. Bowling sold all the inventory purchased in (a) above for $700,000 on account. e. Bowling paid employees $120,000 for services performed during January. f. Bowling purchased land for $56,000 in cash. g. Bowling received $650,000 in cash from customers paying off January's accounts receivable. h. Bowling paid dividends to stockholders in the amount of $4,000. i. Bowling owes its employees $123,000 for work performed during February but not yet paid. j. Bowling paid $300,000 on its accounts payable. k. Bowling paid taxes in cash of $45,000