Donegan's Lawn Care Service began operations in July, current year.During a short period after December 31, Phillips Truck Rental had the following transactions: Bought office equipment for cash at a cost of $3,200. Collected $5,400 of accounts receivable. Paid $2,700 of accounts payable. Borrowed $10,000 from a bank. Signed a note payable for that amount. Purchased two trucks for $28,000. Paid $13,000 cash and signed a note payable for the balance. Issued additional stock to investors for $78,000