PROBLEM 1 (30 Points) - The Corporation issued 60,000 shares of capital stock to Wendy Winger in exchange for $60,000 cash. Purchased a Plane for $220,000. Made a $40,000 cash down payment and issued a note payable for the remaining balance. June 1 June 2 June 4 Paid Woodrow Airport $2,500 to rent office and hanger space. June 15 Billed customers $8,320 for aerial photographs taken during the first half of June. June 15 Paid $5,880 in salaries earned by employees during the first June 18 June 25 June 28 June 29 June 30 half of June. Paid for maintenance and repair expenses of $1,890. Collected $4,910 of the amounts billed to customers on June 15 Acquired equipment from ABC Company for $5,400 Issued a check for $1,800 in full payment of an account payable Declared and paid a cash dividend of $2,000