3 of 5 Minute Prine Corporation started business on January 1.2020 The wing fonsactions 2020 On January 1, 2020, the company und 000 man shares for $270,000 2 On January 2, the company borrowed $41.400 from the bak -/10 On January the company purchased equipment for 5110000 cash On January 1, the company rented a building at a cost of 100 per nerth The company agreed to pry two anal months in advance for January and Feliniary 2021 along with the payment for the full year's for 2020 Initial supplies were purchased for $91.300 cash Additional purchases of supplies during the wat totaled $10400 an account Sales during the year totalled $491.700 of which $456.300 were acc Collections from customers on account totaled $426.500 Payments to suppliers on account total $142.500 10 The cost of supplies that was ined during the year was 1212,500 11 Wapes expense totalled 591.700 for the year Of that, $5,000 was and at year end 12 13 Interest of $2.300 on the ban payable from the link wanaood at Decenter 21.400 of the princados repold at that time Miscellaneous oxoens of 59 000 were padding the 2130 PC Molly duty