During April, its first month of business, Car Tunes, Inc.: 1 Issued stock to Louden Clear and Justin Tune in exchange for cash 2 Issued a 3-month, 6% promissory note to the bank due on June 30 3 Purchased 200 car stereo speakers it plans to sell paying cash 4 Purchased a display stand on April 1 with a 10-year useful life paying cash 5 Sold 150 car stereo speakers for cash: Record the sale Record the cost of the sale 6 Paid its employee cash for services performed in April 7 Declared and paid a cash dividend to its shareholders A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value A2 Adjusted for interest owed on loan with 6% interest and principal due on June 30