Concord Corporation, opened an incorporated dental practice on January 1,2022. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31,$653 of such services was completed but not yet billed to the insuranc companies. 2 Utility expenses incurred but not paid or recorded prior to January 31 totaled $387. 3. Purchased dental equipment on January 1 for $68,800, paying $17,200 in cash and signing a $51,600,3-year note payable (interest is paid each December 31). The equipment depreciates $344 per month. Interest is $430 per month. 4. Purchased a 1-year malpractice insurance policy on January 1 for $20,640 5. Purchased $1,505 of dental supplies (recorded as increase to Supplies). On January 31 , determined that $473 of supplies were on hand