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 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