Scott, Kim and Koko organized the SKK Corporation on January 1 20X1. Each of these owners invested $30,000 cash and received shares. Below are selected transactions that were completed during January. Selected January Transactions: (1) Sold shares mentioned above to the owners. (2) Borrowed $100,000 on one-year note payable. (3) Purchased land by signing a $20,000 note payable. (4) Paid $5,000 of trade payables. (5) Purchased two service vehicles, $21,000 each; paid cash. Required a) Write the journal entries for the above transactions. b) Based on the above transactions ONLY, what is the ending balance for: Assets Liabilities