At the beginning of 2023, three entrepreneurs decided to form a small business and organize it as a corporation. They called their company The Property People. They will serve homeowners needing home maintenance and small home improvement projects. The three owners will not leave their full-time jobs until the business is fully established. The owners each received 100 shares of stock. In return for the shares of stock, the company received a total of $10,000 in cash from two investors who each contributed $5,000; the other investor contributed equipment valued at $5,000. The equipment has a useful life of ten years, and the company records depreciation using the straight-line method (i.e., equal amounts each period). During