Carla Vista Co., a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2017. Cash Cash Receipts Payments Issuance of common shares $21,400 $9,120 1,225 400 860 2,000 11,000 Payment to purchase repair shop equipment Payments to landlord Newspaper advertising payment Utility bill payments Part-time helper's wage payments Income tax payment Cash receipts from ski and snowboard repair services Subtotals 31,200 52,600 24,605 27,995 $52,600 $52,600 Cash balance Totals The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $175. The part-time helper is owed $530 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Carla Vista Co. $520 for services they have received but have not yet paid for