dduring the month of November, the following transactions took place:Made cash sales of $3,400; the cost of the inventory sold was $2,040. Purchased $900 of inventory for cash. Sold an unused 1/2 acre of land for $4000; the land had originally cost $3,650.Purchased a 2 year comprehensive insurance policy for $528. Leased an unused portion of its building to WebbCo, collecting 6 months rent in advance at $220 per month. Made $2300 of sales on credit to Lauren Company;the cost of the inventory sold was $1400. Collected the $200 monthly payments plus $30 interest on a customers note receivable. Purchased land for a future building site. Made is $2000 down payment and signed a 12% 90 day $6,0000 note payable for the balance. Collected the Lauren Company account for the November 13 sale. Paid for November 17 purchase of inventory. Paid the city newspaper $420 for advertising that had appeared during November. Paid $520 of sales salaries and $390 of office salaries