Purchased equipment that cost $21,400; paid $6,200 cash and signed a two-year note for the balance. Issued an additional 4,100 shares of common stock for $41,000 cash. Borrowed $64,500 cash from a local bank, payable June 30, in two years. Purchased supplies for $5,250 cash. Built an addition to the factory buildings for $62,500; paid $22,500 in cash and signed a three-year note for the balance. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked