Rachel started Compuland Inc, a computer retail business on September 1, 1995. What follows is a description of significant events that affected Compuland Inc during September 1995. IJ On September 1. Compuland issued 6000 shares at par to Rachel for cash. The par value of each share is $10 2 On September 1, Compuland borrowed $72,000 from a bank. The interest rate on the loan is 10% per annum. Interest is payable every year, the first interest payment being due for payment on September 1, 1996. The principal amount that was borrowed is due in one single repayment on September 1, 1999 On September 1,Compuland paid S6,000 toward rent on the store for the rest of 1995 ion: The rent includes all utilities. On September 1, Compuland acquired furniture and fixtures for si 4,000 and made a 4. down payment of $3,000. The remaining payment will be made in October. The furniture and fixtures have an estimated useful life of 5 years, at the end of which they are expected to be sold for $2,000. 5. On September 9 Compuland paid $30,000 in advance to suppliers to buy 30 6. On September 10, Compuland paid S450 and bought office supplies inventory 7. The computers that were paid for on September 9 were delivered to Compuland on September 14. 8. On September 17, a customer placed an order on Compuland for 25 computers for a total price of $31,000. 9. On September 21, Compuland hired an employee. The employee's wage was fixed at $2,400 per month. The employee will be paid every month on the 21st. The first payment will be made on October 21. 10. On September 22, Compuland purchased an aditional 40 computers for $40,000 o credit, due for payment on October 12