Whistle Stop Incorporated is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' model trains for a fee. The company has been in business for five years. At the end of the previous year, the accounting records reflected total assets of $500,000 and total liabilities of $200,000. During the current year, the following summarized events occurred: a. Issued additional shares for $100,000 cash. b. Borrowed $120,000 cash from the bank and signed a ten-year note. c. Built an addition on the factory for $200,000 and paid cash to the contractor. d. Purchased equipment for the new addition for $30,000, paying $3,000 in cash and signing a note due in six months for the balance. e. Returned a $3,000 piece of equipment, from (d), because it proved to be defective; received a reduction of the note payable. f. Purchased a delivery truck (equipment) for $10,000; paid $5,000 cash and signed a nine-month note for the remainder. g. A shareholder sold $5,000 worth of his shares in Whistle Stop Incorporated to his neighbour. Required: 1. Complete the spreadsheet given below, for increases and decreased in each account. The first transaction is used as an example. (Enter any decreases to account balances with a minus sign.) Assets Transaction Cash Equipment Building Liabilities Notes Payable Shareholders' Equity Contributed Capital Retained Earnings a. 100,000 100,000 b. C. d. e. f. g. 100,000 0 0 100,000 0