Sunshine Company began operations on January 1, 2020. In its first year, the following transactions occurred: 1. Issued common shares for $344,000 cash 2. Borrowed $64,000 from the bank for a five-year term. 3. Purchased equipment for $209,000 cash. 4. Purchased supplies, on account, for $7,500. 5. Sales on account for services provided amounted to $94,000. 6. Collected $80,000 from customers for services provided. 7. Paid wages of $31.000 to employees. 8. Paid $20,000 for utilities (telephone, electricity, heat, & water) Post the transactions to the ledger. (Post entries in the order displayed in the problem statement) Cash Common Shares