Sparty Corporation has been operating for two years. The December 31, 2018 account balances are: Cash Accounts Receivable Inventory Short-term Investments Equipment Land $249,370 55,320 32,000 18,500 150,000 210,800 Accounts Payable Salaries Payable Notes Payable - long term Contributed Capital Retained Earnings $230,800 48,300 176,600 120,650 139,640 During the year 2019, the company had the below activities. Note that none of these activities should impact the income statement, only the balance sheet; we are assuming for simplicity that the company did not have any revenues or expenses during 2019. Collected $23,000 cash on open accounts receivable f b. Bought additional inventory for $8,950 on account. c. Received a $60,000 loan from the bank, payable in four years. d. Purchased additional short-term investments for $5,200 cash. e. Returned some defective inventory to a supplier for a full cash refund of $250. f. Ordered supplies worth $9,300 from Concord Supplies to be delivered next month. g. Paid off $20,000 of notes payable a year early. Ignore interest. h. Purchased additional equipment costing $36,000; paying $6,000 in cash and signing a promissory note to pay the balance in three years. i. Issued 20,000 shares of stock, receiving $99,000 in cash and land valued at $6,000 from investors. j. Paid off $15,000 of salaries owed from the prior year