Required information IThe following information applies to the questions displayed below Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term)22,75 Retained Earnings Supplies S6,700 268,000 10,150 404,000 4.750 112,000 8,550 During the month of July, the company had the following activities a Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $34,250 cash from a local bank, payable in two years. C Bought a building for $211.000; paild $$5.000 in cash and signed a three year note for the balance. d. Pald cash for equipment that cost $127,000 e. Purchased supplies for $18,500 on account