C X AK Widow Question 1 The following transactions occurred during May, the first month of operations for ABC, Inc. which is a transportation company Marted 1000s of capital sock change for $700.000 May 4 Obtained 5600,000 credit from a bank and signed a note payable. May 10 Purchased vehicles for $400,000, making a $150,000 cash down payment and signing a note savjetore Salance May 26 Made a $60,000 cash payment on the note payable from the purchase of vehicle May 29 Provided transportation service to customers on account 563 000 May 30 incurred and paid repairs expense $10.000 What is the total owners equity at the end of May Select one C X AK Widow Question 1 The following transactions occurred during May, the first month of operations for ABC, Inc. which is a transportation company Marted 1000s of capital sock change for $700.000 May 4 Obtained 5600,000 credit from a bank and signed a note payable. May 10 Purchased vehicles for $400,000, making a $150,000 cash down payment and signing a note savjetore Salance May 26 Made a $60,000 cash payment on the note payable from the purchase of vehicle May 29 Provided transportation service to customers on account 563 000 May 30 incurred and paid repairs expense $10.000 What is the total owners equity at the end of May Select one