deliberate speed corporation (dsc) was incorporated as a private company. the company’s accounts included the following at june 30: accounts payable $ 27,800 buildings 156,000 cash 58,250 common stock 155,000 equipment 138,000 land 262,000 notes payable (long-term) 3,250 retained earnings 440,100 supplies 11,900 during the month of july, the company had the following activities: issued 5,500 shares of common stock for $550,000 cash. borrowed $135,000 cash from a local bank, payable in two years. bought a building for $233,000; paid $90,000 in cash and signed a three-year note for the balance. paid cash for equipment that cost $225,000. purchased supplies for $54,250 on account.