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 54,000 shares of capital stock to the owners of the corporation in exchange for $648,000 cash. 'Purchased a piece of land for $440,000, making a $170.00o cash down payment and signing a note payable for the balance Made a $64,000 cash payment on the note payable from the purchase of land. Purchased equipment on credit from BBW. Inc. for $67000 Vhat is the balance in the Cash account at the end of May Multiple Choice $648,000 414,000 $882.000 O $234,000