Karen Noonan opened Monty Inc on February 1, 2022. During February, the following transactions were completed. Feb. 1 Issued 3,200 shares of Monty common stock for $14,560. Each share has a $1.50 par. 1 Borrowed $8,200 on a 2-year, 6% note payable. 1 Paid $9,300 to purchase used floor and window cleaning equipment from a company going out of business $5,400 was for the floor equipment and $3,900 for the window equipment). 1 Paid $230 for February Internet and phone services. 3. Purchased cleaning supplies for $890 on account. 4 Hired 4 employees. Each will be paid $520 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 9. 5 Obtained insurance coverage for $8,880 per year. Coverage runs from February 1, 2022, through January 31,2023. Karen paid $2,220 cash for the first quarter of coverage. 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $3,670 cash. 16 Billed customers $3,700 for cleaning services performed through February 13, 2022. 17 Received $576 from a customer for 4 weeks of cleaning services to begin February 21, 2022. (By paying in advance, this customer received 10% off the normal weekly fee of $150.) 18 Paid $400 on amount owed on cleaning supplies. 20 Paid $3 per share to buy 300 shares of Monty common stock from a shareholder who disagreed with management goals. Theshares will be held as treasury shares. 23 Billed customers $4,400 for cleaning services performed through February 20. 24 Paid cash foremolowees'wases for 2 weeks (Februan 913 and 1620 ) insure. Karen sold the window cleaning equipment for $3,670 cash. 16 Billed customers $3,700 for cleaning services performed through February 13, 2022. 17 Received $576 from a customer for 4 weeks of cleaning services to begin February 21,2022 . (By paying in advance, this customer received 10% off the normal weekly fee of $150.) 18 Paid $400 on amount owed on cleaning supplies. 20 Paid $3 per share to buy 300 shares of Monty common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed custor y ys $4,400 for cleaning services performed through February 20. 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16 -20). 25 Collected $2,500 cash from customers billed on February 16. 27 Paid $230 for Internet and phone services for March. 28 Declared and paid a cash dividend of $0.20 per share