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 48,000 shares of capital stock to the owners of the corporation in exchange for $576,000 cash. Purchased a piece of land for $380,000, making a $140,000 cash down payment and signing a note payable for the balance Made a $58,000 cash payment on the note payable from the purchase of land Purchased equipment on credit from 88W, Inc for $61,000 What is the balance in the Cash account ot the end of May? Multiple Choice $576000 $378,000. $774,000 $198.000