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Sdved a. Issued additional shares of common stock for $85,000 cash. b. Borrowed $131,000 cash from the bank and signed a 10-year note. c. Built

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Sdved a. Issued additional shares of common stock for $85,000 cash. b. Borrowed $131,000 cash from the bank and signed a 10-year note. c. Built an addition on the buildings for $175,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $42,500, paying $4,250 in cash and signing a note for the balance due in two years. e. Returned a $4,250 piece of equipment, from (d), because it proved to be defective; received a reduction of the notes payable. f. Purchased a delivery truck (equipment) for $25,000; paid $17,500 cash and signed a two-year note for the remainder. g. A stockholder sold $7,250 of his stock in Mallard Incorporated to his neighbor. Required: D 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year. 4. As of the current year-end, has the financing for MI's investment in assets primarily come from liabilities or stockholders' equity? . Complete this question by entering your answers in the Required 1 Required 3 Required 4 Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year. Amount a. Total assets at the end of the year. b. Total liabilities at the end of the year. c. Total stockholders' equity at the end of the year. Required 1 Required 4 > Sdved a. Issued additional shares of common stock for $85,000 cash. b. Borrowed $131,000 cash from the bank and signed a 10-year note. c. Built an addition on the buildings for $175,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $42,500, paying $4,250 in cash and signing a note for the balance due in two years. e. Returned a $4,250 piece of equipment, from (d), because it proved to be defective; received a reduction of the notes payable. f. Purchased a delivery truck (equipment) for $25,000; paid $17,500 cash and signed a two-year note for the remainder. g. A stockholder sold $7,250 of his stock in Mallard Incorporated to his neighbor. Required: D 1. Complete the spreadsheet that follows. The first transaction is used as an example. 3. Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year. 4. As of the current year-end, has the financing for MI's investment in assets primarily come from liabilities or stockholders' equity? . Complete this question by entering your answers in the Required 1 Required 3 Required 4 Based on beginning balances plus the completed spreadsheet, provide the Total assets, liabilities and stockholders' equity at the end of year. Amount a. Total assets at the end of the year. b. Total liabilities at the end of the year. c. Total stockholders' equity at the end of the year. Required 1 Required 4 >

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