During April, its rst month of business, Karry-no-Key, Inc.: 7 A1 A2 All amounts are in us. Dollars Issued $8,000 of stock to its owners, Carrie Oakey and Justin Tune, in exchange for cash '9!- Received a $8,000, 6% cash loan from the bank on April 1; the interest and principal are due June 30 Paid $3,000 for 100 Karaoke machines it plans to sell Purchased a display stand by paying $12,000 on April 1 Sold 80 karaoke machines at a sales price of $70 each for cash: Record the sale Record the cost of the sale Paid $900 at the end of the month to its employee for services performed in April Declared and paid a $100 cash dividend to its shareholders Adjusted for $100 of depreciation on its equipment (10 year life) Adjusted for the $40 of interest owed on the bank loan; recall the interest and principal will be paid on June 30 '9'- win-M- i-i- Cash 8,000 8,000 (3,000] (12,000] 5,600 (900) (100)