Lanni Products is a start up computer software deveiopment firm. it currenty owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owrers. - Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years - Lannt uses the cash from the bank plus $20.000 of its own funds to finance the development of new financial planning software - Lanni sells the software product to Microsoft, which will market it to the public under the Mictosoft name. Lanni accepts payment in the form of 1,000 shares of Microsolt stock. - Lanni sells the shares of stock for $140 per share and uses part of the proceeds to pay off the bank loan