Northgate Corporation stock sells for $22 per share, and you…

Nоrthgаte Cоrpоrаtion stock sells for $22 per shаre, and you’ve decided to purchase as many shares as you possibly can. You have $28,000 available to invest. Assume the initial margin is 70 percent, and partial shares can be purchased.a) Construct your equity account balance sheet at the time of your purchase.b) Construct the balance sheet when the share price rises to $30. What is your margin?c) Construct the balance sheet when the share price falls to $18. What is your margin?