In January and February 2018, the following transactions were carried out by Orange Communications: January 2018 1. Sold capital stock to owners for $70,000. 2. Purchased land and a small office building for a total price of $100,000, of which $45,000 was the value of the land and $55,000 was the value of the building. Paid $25,500 in cash and signed a note payable for the remaining $74,500. 3. Bought several computer systems on credit for $5,500 (payment due in February 2018). 4. Obtained a loan from Capital Bank in the amount of $30,000. Signed a note payable. 5. Billed $2,800 to a client for services provided in January 2018. The bill is due in February 2018. 6. Incurred salary expenses of $1,800 to be paid in February 2018. February 2018 7. Paid the $30,000 note payable (owed in January 2018) 8. Paid the $5,500 account payable (owed in January 2018) 9. Collected the $2,800 (billed in January 2018) 10. Paid the $1,800 salaries (owed in January 2018) Instructions 1) Post the above transactions for the months of January and February into ledger accounts in the form of T accounts (there are no beginning balances from before January since it is a new company) 2) Prepare a Trial Balance dated February 28, 2018.