Required i Performance Plastics Company (PPC) has been operating for three yeors. The beginning account balances a Cash $ 39,506 Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Land Accounts Payable Notes Payable (due in three years) Common Stock 5,700 116,800 209,800 52,800 52,500 182,800 150,000 194, 150 During the year, the company had the following summarized activities a. Purchased equipment that cost $24.350; paid $5,450 cash and signed a two-year note for the balance b. Issued an additionai 2,700 shares of common stock for $27000 cash. C. Borrowed $99,000 cash from a local bank, payable June 30,in two years. d Purchased supplies for $6,100 cash. e Built an addition to the factory buildings for $68.000 paid $25,750 in cash and signed a three-year note for th balance f Hired a new president to start January t of next year. The contract wes for $95,000 for each full year wo epare a classified balance sheet at December 31