Karen Noonan opened Shamrock, Inc. on February 1, 2017. During February, the following transactions were completed. Feb. 1 Issued 4,600 shares of Clean Sweep common stock for $16,120. Each share has a $1.50 par 1 Borrowed $9,000 on a 2-year, 6% note payable. Paid $11,180 to purchase used floor and window cleaning equipment from a company going out of business ($5,120 was for the floor equipment and 1 3 4 $6,060 for the window equipment). Paid $270 for February Internet and phone services. Purchased cleaning supplies for $1,220 on account. Hired 4 employees. Each will be paid $600 per 5-day work week (Monday- Friday). Employees will begin working Monday, February 9. Obtained insurance coverage for $11,040 per year. Coverage runs from February 1, 2017, through January 31, 2018. Karen paid $2,760 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 $4,900 cash. 16 Billed customers $4,840 for cleaning services performed through February 13, 2017. 17 Received $432 from a customer for 4 weeks of cleaning services to begin February 21, 2017. 18 Paid $370on amount owed on cleaning supplies Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $5,330 for cleaning services performed through February 20 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20) 25 Collected $3,100 cash from customers billed on February 16. 27 Paid $270 for Internet and phone services for March. 28 Declared and paid a cash dividend of $0.35 per share