Yokio Maintenance Company was established on April 1, 2006. A summary of transactions completed through April 30, 2006, for Yokio Maintenance Corporation is as follows: a. Issued S00 shares of stock (1,500 shares in total) to each of the investors in exchange for $9,000 cash. b. Acquired rakes and other hand tools (equipment) with a list price of $690 for $600; paid the hardware store $200 cash and signed a note for the balance. c. Ordered three lawn mowers and two edgers from XYZ Lawn Supply Company Inc., for $4,000. d. Purchased 4 acres of land for the future site of a storage garage. Paid cash, $5,000. e. Received the mowers and edgers that had been ordered, signing a note to pay XYZ Lawn supply in full in 30 days. f. Sold for $1,250 one acre of land to the city for a park. Accepted a note from the city for payment at the end of the month. 8. One of the owners borrowed $3,000 from a local bank for personal use. make the necessary journal ries Required: 2. Set up T-accounts for cash Notes Receivable (from the City), Equipment (hand tool and mowing equipment), Land, Note payable to the equipment supply companies), and Contributed Capital. Beginning balances are zero; indicate these beginning balances in the T-accounts. Analyze each transaction and prepare journal entries in chronological order. Enter the effect in the appropriate T-accounts: identify cach amount with its letter from the preceding list. 2) Use the amounts in the T-accounts to prepare a balance sheet for Yokio Maintenance Company at April 30, 2006. 3) Prophe investing ini t ions of the statement of cash