Solve Questions 1 and 2 and show work.

Selected financial information for Frank Corporation is presented below. Selected 2017 transactions are as follows: a. Purchased investment securities for $6,800 cash. b. Borrowed $18,600 on a two-year, 8 percent interest-bearing note. c. During 2017, sold machinery for its carrying amount; received $13,700 in cash. d. Purchased machinery for $53,600; paid $10,800 in cash and signed a four-year note payable to the dealer for $42,800. e. Declared and paid a cash dividend of $11,800 on December 31, 2017