Alpine Stables, Incorporated, is established in Denver, Colorado, on April 1, 2023, to provide stables, animal care, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2023 are provided for your review. Received contributions of $68,000 in cash from five investors ($13,600 each), a barn valued at $116,000, land valued at $98,000, and supplies valued at $20,000. Each investor received 11,000 shares of stock with a par value of $0.01 per share. Built a small barn for $70,000. The company paid half the amount in cash on April 1, 2023, and signed a three-year note payable for the balance. Provided $43,260 in animal care services for customers