Review the problem and complete the transactions table.

Maxwell Communications was organized on December 1 of the current year and had the following account balances at December 31, listed in tabular form. Assets Liabilities + Owners' Equity Office Accounts Cash Equipment Building Land Notes Payable Payable Capital Stock Balances $37,ee0 $51,25e $125,eee $95,e09 $80,000 $28,250 $200,e00 Early in January, the following transactions were carried out by Maxwell Communications 1. Sold capital stock to owners for $35,000. 2. Purchased land and a small office building for a total price of $90,000, of which $35,000 was the value of the land and $55,000 was the value of the building. Paid $22,500 in cash and signed a note payable for the remaining $67,500 3. Bought several computer systems on credit for $9,500 (30-day open account). 4. Obtained a loan from Capital Bank in the amount of $20,000. Signed a note payable. 5. Paid the $22,250 account payable due as of December 31