The following transactions of Ballantine Steel occurred during 2015 and 2016 calendar years 2015 Feb. Purchased equipment for $10 200, signing a six-month, 9% bill payable. 28 Recorded the week's sales of $51 000, one-third for cash and two-thirds on credit. Apr. 30 Borrowed $100 000 on a four-year, 9%, loan that calls for annual instalment payments of $25 000 principal plus inferest Aug. 3 Paid the six-month, 9% bill at maturity. Nov. 30 Purchased inventory at a cost of