Ivanhoe Company entered into these transactions during May 2022, its first month of operations. 1. 3. 4. Stockholders invested $40,500 in the business in exchange for common stock of the company. Purchased computers for office use for $25,400 from Ladd on account. Paid $2,600 cash for May rent on storage space. Performed computer services worth $19,900 on account. Performed computer services for Wharton Construction Company for $5,200 cash. 5. 6. Paid Western States Power Co. $8,500 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. 9. Received $10,100 cash from customers for contracts billed in (4). Incurred advertising expense for May of $1,600 on account.