Required: Prepare the (1) journal entries for the following transactions for Starmax in 2015 and (2) prepare the balance sheet \& income statement. 1. The company issued new shares for 200. 2. The company borrowed 6,000 from a local Sparkasse. 3. The company bought new coffee machines for 5,000 in cash to produce coffee. The expected useful life is 10 years. 4. The company bought coffee beans for 8,000, of which 4,500 has been paid in cash, and the remainder will be paid next year. There was a stock of 5,000 worth of coffee beans left in the warehouse at the end of 2015 (end of 2014: 6,700). 5. The company paid 3,000 for the wage and salary. All those labor costs are related to production. 6. The company sold 29,500 of its products and one purchaser still owed 6,500 at year end. 7. The company spent 7,000 on a marketing campaign to advertise the products. 8. The company is subject to a lawsuit due to a product problem - some customers get sick after tasting a new product "Soda coffee". According to the lawyer, it is probable that the company will be liable to pay 2,000 to resolve the legal dispute. 9. The company repaid the long-term loan for 3,000. The interest paid on the loan amounted to 200. 10. The company pays taxes ( 25% on its pre-tax income of the year). 11. The company pays out a dividend of 50