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 accountine records reflected total assets of $500,000 and total liabilities of $200,000 Durine the current year, the following summarized events occurred: a. Issued additional shares of common stock for $100,000cash. b. Borrowed $120,000 cash from the bank and siened a 10-year note. c. Built an addition on the buildings for $200,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $30,000. payine $3,000 in cash and sienine a note for the balance due in two years c. Returned a $3,000 piece of equipment, from (d), because it proved to be defective, received a reduction of the notes payable. f. Purchased a delivery truck (equipment) for $10,000, paid $7,000 cash and siened a twoyear note for the remainder. 2 A stockholder sold $5,000 of his stock in Mallard Incorporated to his neighbor. Required: 1. Complete the spreadsheet that follows, usine plus ( + ) for increases and minus (-) for decreases for each account The first transaction is used as an example. 2. Did you include event (g) in the spreadsheet? Why or why not? 3. Based on beeinnine balances plus the completed spreadsheet. provide the followine amounts (show computations): a. Total assets at the end of the year: b. Total liabilities at the end of the year. c. Total stockholders' equity at the end of the year. 4. As of the current yearend, has the financing for MIs investment in assets primarily come from liabilities or stockholders' equity