Required information [The following information applies to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Land Equipment Notes Payable (long-term) $76,000 590,000 99,000 260,000 166,000 489,000 2,000 1,011,000 Retained Earnings Supplies 5,000 During the month of July, the company had the following activities: a. Issued 3,800 shares of common stock for $380,000 cash. b. Borrowed $105,000 cash from a local bank, payable in four years. c. Bought a building for $184,000; paid $75,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $99,000. e. Purchased supplies for $99,000 on account.