griffin service company, incorporated, was organized by bennett griffin and five other investors (that is, six in total). the following activities occurred during the year: received $90,000 cash from the six investors; each investor was issued 10,400 shares of common stock with a par value of $0.20 per share. signed a five-year lease for $180,000 for the right to use a building each year. purchased equipment for use in the business at a cost of $38,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). signed an agreement with a cleaning service to pay $320 per week for cleaning the corporate offices next year. received an additional contribution from investors who provided $5,000 in cash and land valued at $35,000 in exchange for 3,000 shares of stock in the company. lent $4,500 to one of the investors, who signed a note due in six months. bennett griffin borrowed $9,000 for personal use from a local bank, signing