Required information [The following information applies to the questions displayed below] The following transactions occurred during May, the first month of operations for Hunter Products, Inc: Issued 58,000 shares of capital stock to the owners of the corporation in exchange for $696,000 cash. Purchased a piece of land for $480,000, making a $190,000 cash down payment and signing a note payable t balance Made a $68,000 cash payment on the note payable from the purchase of land Purchased equipment on credit from BBW, Inc. for $71,000. hat is the balance in the Cash account at the end of May? Multiple Choice O $696.000 $438,000. $954.000. $258,000