Motor Inc. had the following activities during the roonil 1. Borrowed $7,000,000 cash by signing a promissory note. Bought a building for $800,000, paid $200,000 in cash and signed a promissory note for $600,000. 3. Rented equipment at a cost of $10,000 per month and issued a check covering the next six months' rent. 4. Earned by providing $104,000 of services and billed customers. 5. Purchased $30,000 of supplies on account. 6. Received a utility bill for the current period in the amount of $1,200. 7. Raised sales prices on 200 units from $400 per unit to $440 per unit. 8. Received a 50% deposit from a customer on a $20,000 order to be filled next month.