Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are Cash Accounts Receivable Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Land Accounts Payable Notes Payable (due in three years) Common Stock Retained Earnings 38,750 6,450 52,500 6,850 2,950 119,500 201,000 47,750 53,000 118,500 150,000 154,250 During the year, the company had the following summarized activities: a. Purchased equipment that cost $25,850; paid $6,350 cash and signed a two-year note for the balance b. Issued an additional 2,100 shares of common stock for $21,000 cash. c. Borrowed $83,500 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $9,750 cash e. Built an addition to the factory buildings for $56,500; paid $18,500 in cash and signed a three-year note for the balance f Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year workecd. RequirementGral Journal General Ledger Trial Balance Balance Sheet Analysis General Journal tab Prepare the journal entries to record the transactions (a) through (f). Review the 'General Ledger and the unadjusted 'Trial Balance Tabs to see the effect of the transactions on the account balances General Ledger tab Each journal entry is posted automatically to the general ledger Trial Balance tab The ending balance values from the General Ledger tab flows through to the Trial Balance tab Balance Sheet tab Prepare a classified balance sheet at December 31 Analysis tab-Using the information from the requirements above, complete the 'Analysis' tab