During the last 2 years of operations, Lelkes Company had the following transactions — Purchased land for 000 — Issued bonds with 5-year maturity date

During the last 2 years of operations, Lelkes Company had the following transactions:

a. Purchased land for $1,000,000.

b. Issued bonds with a 5-year maturity date for $3,000,000.

c. Reported a loss of $2,000,000 for the most recent year.

d. Bought equipment for $500,000.

e. Issued common stock for $2,000,000.

f. Bought a 30% interest in a company.

g. Retired a long-term note payable.

h. Reported a profit for the year ($500,000).

i. Paid dividends of $1,000,000.

Required: