Carin owns and operates the Carin Consulting business. On August 1, 2017 her ledger showed the following account balances (Ignore GST) Debit Credit Cash Accounts Receivable Invento 20,000 16,000 18,000 1,000 es Co Accumulated I ation Computer 10,000 5,000 Accumulated Motor Vehicle iation- iation Motor Vehicle Accumulated Land Accounts Payable Unearned Revenue Tel Notes Payable Mortgage Payable Contributed Capital Retained Earnin Consulting Service Revenue Sales Revenue Cost of Goods Sold 4,000 Payable 150 0 25,000 30,150 ies Ex Advertising Ex Insurance Ex Telephone Ex Rent Ex ciation Ex Dividends TOTAL 65,000 65,000 The following transactions occurred during August 2017 1 The owner contributed an additional $2,000 cash and equipment valued at $5,000 to the 2. Purchased land for $260,000 by arranging a mortgage with the bank 3. Paid SI,500 cash to purchase a computer for the business. 4. Prchased a motor vehicle for $36,000 by arranging a promissory note with a lender. . Paid S3,000 to creditor (Accounts Payable) for goods previously purchased in July