Mar 1) Carl Weathers contributed $15,000 cash and a work van with a fair market value of $12,500 to the business. Mr. Weathers received capital in return. The van has a residual value of $500 and will be depreciated using the straight line method over its useful life of ten years. Mar 1) Carl's Cleaning Company paid $2,400 cash to purchase Kirby vacuum cleaners directly from Kirby. Carl's estimates that this equipment will have zero salvage valuea nd a useful life of ten years. Mar 2) Carl's Cleaning Company signed a contract with Black Balloon Senior Living to provide monthly services. The contract is for twelve months, and Carl's received a full cash payment of the $4,800 contract amount at