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2) Record the business transactions listed below and prepare a P\&L and Balance sheet ( use the grid format) (Year one of the Compnay) a) The Company issued $200,000 of common stock for cash. b) The Company borrowed $125,000 cash from the Bank. c) The Company purchased equipment for cash of $165,000 d) The Company purchased Inventory on 30 day credit terms for $90,000 e) The Company had sales revenue to customers of $180,000 on account f) The Company paid cash for salary expense to employees of $70,000 g) The Company had cost of product expense of $60,000. The product was taken from Inventory h) The Company paid a cash dividend of $12,000 i) The Company paid cash for Insurance expense for the period of $8,000 j) The Company collected $140,000 in cash from transaction e above