Sandhill Meat Ltd. (SML) is a commercial distributor of plant-based meat subatitutes to grocery stores and chains in Western Canada. SML and the company's management team have successfully grown the aperation to the point where they are able to distribute their products nationally. SML had the following transactions in the month of September: Sept. 1 SML borrowed $25,000 from the bank. The interest rate an the loan is 6% per annum, and the terms of the loan state that the loan is to be repaid at the end of each month in the amount of $1,875 per month plus interest. 1 SMLrenewed the annual insurance policy covering its warehause and paid the premium for the 12 -month policy in the amount of $8,100. The term of the policy is from September 1 to August 31 of the following year. 4 The compary purchased inventory at a cost of $33,000 from a producer an account. 10 SML recorded its sales for the first 10 days of the month. Total sales (half in cash and half an account) amounted to $21,100, and the inventary related to these sales was determined to have a cost of $14,100. 19 Paid \$6,BD0 to suppliers who had previausly sold SML irwentory on account. 27 Paid employee wages in the amount of $5,700. 29 SML accepted a payment of $6,800 from a local independent grocer who placed an order for 680kg of plant-based sausages to be delivered in mid-Octaber for an Oktoberfest promotion. 30 SML made the necessary month-end entry related to the insurance policy. 30 SML made the necessary month-end entry related to record the bank loan. Analyze and record these transactions. (Enter amounts that decrease account balonce using either a negative sign preceding the number eg 45 or parentheses eg. (45). Indicote whether it is Revenues, Expenses ar Dividends declared in the last calumn. In case if there is no effect then select 'Not Applicable'. Post entries in the arder presented in the problem statement]