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 $530,000 and total liabilities of $200,000. During the current year, the following summarized events occurred: a. Issued additional shares of common stock for $90,000 cash. b. Borrowed $184,500 cash from the bank and signed a 10-year note. c. Built an addition on the buildings for $207,000 and paid cash to the contractor d. Purchased equipment for the new addition for $30.000. paying $3.,000 in cash and signing a note due in e. Returned a $3.000 piece of equipment, from (d), because it proved to be defective: received a reduction six months for the balance. of the note payable f. Purchased a delivery truck (equipment) for $27,000: paid $18,000 cash and signed a nine month note for the remainder g. A stockholder sold $5.250 of his stock in Mallard Incorporated to his neighbor. 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 | Liabilities Stockholders' Equity |+ | Common Retained Stock Notes Cash Equipment Buildings Payable Earnings b. d. End 3. Based on beginning bs ancas plus the complesed spreadsheet prowss he Total assets, ia bilities an stockholders equity at the eno of year Amount a Total assets at the end of the year b. Tota labilities at the and of the year End 3. Based on beginning balances plus the completed spreadsheet provide the Total assets, liabilities and stockholders' equity at the end of year Amount 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 year-end, has the financing for MI's investment in assets primarily come from liabilities or stockholders equity? O Liabilities O Stoakholders' Equity