On June 1, 2022, Sheffield Corp. was started with an initial investment in the company of $24,910 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $5,060 Notes payable $13,200 Accounts receivable 4,400 Accounts payable 550 Service revenue 7,650 Supplies expense 1,100 Supplies 2,640 Maintenance and repairs expense 660 Advertising expense 440 Utilities expense 330 Equipment 28,600 Salaries and wages expense 1,540 Common stock 24,910 During June, the company issued no additional stock but paid dividends of $1,540.