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Crane Company had the following transactions in its first month of operations: 1. On incorporation, the compary had issued 11,000 common shares in exchange for

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Crane Company had the following transactions in its first month of operations: 1. On incorporation, the compary had issued 11,000 common shares in exchange for $10,000 cash and office furniture and equipment worth $1,000. 2. Additional equipment costing $3,900 was purchased for cash. 3. Supplies costing $540 were purchased for cash. 4. Inventory costing $5,500 was acquired on account. Later in the month, the compary paid half of the amount owed. It will pay the remainder next month. 5. The entire inventory was sold to customers for $8,800. The company recelved half of this amount in cash and will receive the remainder next month 6. By the end of the month, $432 of the supplies were used up. 7. The equipment was depreciated $140 for the month 8. Operating expenses paid in cash during the month were $2,300. 9. Dividends of $210 were declared and paid during the month. Calculate the following amounts for the month (Enter loss using either a negative sign preceding the number eg -45 or porentheses eg (45)) Cakulate the following amounts as at the end of the monthe

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