Required information [The following information applies to the questions displayed below.] Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1:1 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 8,300 254,000 25,450 376,000 28,500 101,000 29,500 0 4,850 During the month of July, the company had the following activities: a. Issued 2,500 shares of common stock for $250,000 cash. b. Borrowed $45,500 cash from a local bank, payable in two years. c. Bought a building for $234,750; paid $46,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $155,000. e. Purchased supplies for $17,500 on account.