Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee. The company has been in business for five years. At the end of the previous year, the accounting records reflected total assets of S540.000 and total liabilities of $220.000. During the current year, the following summarized events occurred: a. Issued additional shares of common stock for $85.000 cash. b. Borrowed $131,000 cash from the bank and signed a 10-ycar nolc. c. Built an addition on the buildings for $175,000 and paid cash to the contractor. d Purchased equipmen for the new addiliori for $42 500, xrying S4 250 in cash and signing a role for the balance due in Iwo years 6. Returned a $1,250 piece of equipment, from (d), because it proved to be defective; received a reduction of the notes payable. Purchased a delivery truck exuipment for $25 000, pac 517,500 cash and scarei a two-year nole for the remainder g. A stockholder sold $7.250 of his stock in Mallard Incorporated to his neighbor. Required: 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning balances plus the completed spreadshoot provide the Total assets, liabilities and stockholders' cquity at the crid of year. 4. As of the current year-end, has the financing for Mi's investment in sesets primarily come from liabilities or stockholders' equityi Complete this question by entering your answers in the tabs below. Requirer1 Reruired! Required 4 Complete the spreadsheet that follows. The first transaction is used as an example. (Enter any decreases to account balances with a minus sign.) Assets - + Liabilities Notes Payable Cash Equipment Buildings Stockholders' Equity Common Retained Stock Earnings 40,000 65.000