Dixens Ltd, a wholesaler of electrical equipment, starts a busi- ness on 1 January with 100,000 in cash. The following trans- actions took place in January: Jan. 5 Jan. 2 Purchases warehouse for 35,000 and pays cash. Purchases inventory of electrical equipment for 8,500 on credit from CU Supplies Ltd. Jan. 7 Pays 25,000 cash into a business bank current account and 5,500 into a business bank savings account. Jan. 9 Sells electrical equipment for 6,100 and receives cash. Jan. 11 Pays advertising 1,140 by cheque. Jan. 13 Buys a second-hand motor van for 4,500 and pays by cheque. Original cost of van was 15,000.