Lanni takes out a bank loan. It receives $$36,000$ in cash and signs a note promising to pay back the loan over $3$ years.

The bank loan is a for Lanni, and a for the bank. The cash Lanni receives is a $.$ The new financial asset is Lanni's promissory note to repay the loan.

Lanni uses the cash from the bank plus $$24,000$ of its own funds to finance the development of new financial planning software.

Lanni transfers $($cash$)$ to the software developers. In return, Lanni receives the completed software package, which is a $.$

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 $1,450$ shares of Microsoft stock.

Lanni exchanges the $($the software$)$ for a $,$ which is $1,450$ shares of Microsoft stock. If Microsoft issues new shares to pay Lanni, then this represents the creation of new $.$

Lanni sells the shares of stock for $$74$ per share and uses part of the proceeds to pay off the bank loan.

By selling its shares in Microsoft, Lanni exchanges one $(1,450$ shares of stock$)$ for another $($$$107,300$ in cash$).$ Lanni uses the of $$36,000$ in cash to repay the bank and retire its promissory note. The bank must return its to Lanni. The loan is in the transaction since it is retired when paid off and no longer exists.