On January 1, Kirk Corporation had total assets of $853,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,300, promising to pay cash for it in 60 days. Kirk Corporation purchased $3,530 of supplies for cash. Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $15,300 and it was sold for $15,300 cash. Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,030 per month.