Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lannl's owners. Choose the correct answer in the following statements about financial and real 75sets. Required: a. 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. The bank loan is a for Lanni, Lanni's $50.00010U is the bank's . The cash Lanni receives is a .The new financial asset] is Lanni's promissory note held by the bank. b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. The cash paid by Lanni is the transfer of a completed software. to the software developer. In return, Lanni gets a the c. Lanni selis the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1.000 shares of Microsoft stock. Lanni sells the software, which is a Microsoft stock. A new financial asset is __ to Microsoft. In exchange, Lanni recelves a d. Lanni selis the shares of stock for $140 per share and uses part of the proceeds to pay off the bank loan. In selling 1,000 shares of stock for $140,000, Lanni is exchanainn noe for another, in paying off the i0U with $50,000. Lanni is exchanging The loan is in the transaction since it is retired when paid. Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lann's owners. Choose the correct answer in the following statements about financial and real assets. Required: a. 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. c. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,000 shares of Microsoft stock. Lanni sells the software, which is a Microsoft stock, A new financial asset is to Microsoft. In exchange, Lanni recelves a If Microsoft issues new shares. d. Lanni sells the shares of stock for $140 per share and uses part of the proceeds to pay off the bank loan. In selling 1,000 shares of stock for $140,000, Lanni is exchanaina one for another, in paying off the 10U with $50,000, Lanni is exchanging The loan is: in the transaction since it is retired when paid