Sunland Adventure Park Inc. operates a number of adventure parks across Canada. The company is expecting to open its latest park on June 1. The following selected events and transactions occurred during the month of Aprit: April 1 Borrowed $2,080,000 from a bank, signing a bank loan due in six months plus 5% interest. 2 Purchased a park location for $1,990,000. The price included land of $1,080,000; building of $730,000, and trail maintenance equipment of $180,000. Paid cash of $830,000 and signed a mortgage payable for the balance. 5 Paid $2,300 for advertising to promote the upcoming opening of the new adventure park. 10 Received $90,000 in cash for annual subscriptions which will grant holders annual access to the new park beginning in June. 15 Paid salaries of $4,900. 17 Purchased equipment for $31,000. Paid $15,000 in cash and the balance on account. 21 Paid utility costs of $5,000. 25 Paid $5.160 for one-year insurance policy with coverage beginning next month. 29 Paid property taxes of $600. 30 Paid the balance for the equipment purchased on Aprit 17. 31. Paidinterest on the mortgage payable of $2.900