following are transactions of Gino Inc. for the month of January 2023: 1 Borrowed $95,000 from the bank. 3 Issued 20,000 common shares for $220,000. 5 Purchased inventory on account totalling $25,000. 9 Bought computer equipment costing $35,000 for $20,000 cash and the balance on account. 15 Made sales totalling $32,000, of which $19,000 were on account. The cost of the products sold from inventory was $2 19 Made payments on accounts owing to suppliers totalling $11,000. 25 Collected on account from customers totalling $12,000. 28 Employees earned wages of $13,000 during the month, of which $8,000 were paid. 28 Incurred $1,200 of utilities expenses during the month. The bill was received but won't be paid until next month