4. Lanni Products is a start up Computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets creates or destroyed in the transaction?

a. Lanni takes out a bank loan. It gets $50,000 in cash and signs a note promising tp pay it back in three years

b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.

c. Lanni sells the software product to Microsoft, which will market it to public under Microsoft name. Lanni accepts payment in the form of 1,250 shares of Microsoft stock

d. Lanni sells the shares for $100 each and uses part of the proceeds to pay off the bank loan.