Sunland Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2022.

Cash

ReceiptsCash

PaymentsIssuance of common shares

$19,400Payment to purchase repair shop equipment

$9,240Rent payments to landlord

1,330Newspaper advertising payment

370Utility bill payments

870Part-time helper's wage payments

2,350Income tax payment

11,400Cash receipts from ski and snowboard repair services

31,300Subtotals

50,70025,560Cash balance

25,140Totals

$50,700

$50,700

The repair shop equipment was purchased on November 1 and has an estimated useful life of5years. Lease payments to the landlord are made at the beginning of each month. The part-time helper is owed $465at April 30, 2022, for unpaid wages. At April 30, 2022, customers owe Sunland Company $390for services they have received but have not yet paid for.