Ag Bio Tech $($ABT$)$ was organized on January $1$ by four friends. Each organizer invested $$15,625$ in the company and, in turn, was issued $12,500$ shares of common stock. To date, they are the only stockholders. During the first month $($January$),$ the company had the following five events:

a$.$ Collected a total of $$62,500$ from the organizers and, in turn, issued common stock.

b$.$ Purchased a building for $$73,500,$ equipment for $$17,000,$ and three acres of land for $$29,700$; paid $$35,500$ in cash and signed a note for the balance, which is due to be paid in $15$ years.

c$.$ One stockholder reported to the company that $1,050$ shares of his ABT stock had been sold and transferred to another stockholder for $$10,500$ cash.

d$.$ Purchased supplies for $$5,950$ cash.

e$.$ Sold one acre of land for $$9,900$ cash to another company.

$2.$ During the first month, the records of the company were inadequate. You were asked to prepare a summary of

Required: the preceding transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction $($a$)$ is shown as an example. If an event is not considered a transaction, leave the account, amount and direction of effects blank.

$4.$ Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and total current assets at the end of the month.

$5.$ As of January $31,$ has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity?

Complete this question by entering your answers in the tabs below.

Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and current assets at the end of the month.

$\backslash$table$[[$a$.$ Total assets at the end of the month,$$,157,700],[$b$.$ Total liabilities at the end of the month,$$,85,700],[$c$.$ Total stockholders' equity at the end of the month,$$,72,400],[$d$.$ Cash balance at the end of the month,$$,41,450],[$e$.$ Total current assets at the end of the month,$$,47,400]]$

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