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 $640,000 and total liabilities of $270,000. During the current year, the following summarized events occurred a. Issued additional shares of common stock for $140,000 cash. b. Borrowed $162,000 cash from the bank and signed a 10-year note. c. Built an addition on the buildings for $269,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $33,000, paying $3,300 in cash and signing a note due in e. Returned a $3,300 piece of equipment, from (d), because it proved to be defective; received a reduction f. Purchased a delivery truck (equipment) for $26,250; paid $18,375 cash and signed a nine month note g. A stockholder sold $8,350 of his stock in Mallard Incorporated to his neighbor. six months for the balance. of the note payable. for the remainder. Required: 1. Complete the spreadsheet that follows, using plus (+) for increases and minus ( for decreases for each account. The first transaction is used as an example. (Enter any decreases to account balances with a minus sign.) Assets LiabilitiesStockholders' Equity Notes Payable Common Retained Earnings Cash Equipment Buildings Stock End