Sunland Company, a ski tuning and repair shop, opened on November 1, 2016. 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, 2017.

		Cash Receipts		Cash Payments
Issuance of common shares		$19,400
Payment to purchase repair shop equipment				$9,240
Payments to landlord				1,330
Newspaper advertising payment				370
Utility bill payments				870
Part-time helpers wage payments				2,350
Income tax payment				11,400
Cash receipts from ski and snowboard repair services		31,300
Subtotals		50,700		25,560
Cash balance				25,140
Totals		$50,700		$50,700

The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $190. The part-time helper is owed $465 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Sunland Company $390 for services they have received but have not yet paid for.

"Exercise 4-6 Sunland Company, a ski tuning and repair shop, opened on November 1, 2016. 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, 2017 Cash Receipts Payments Cash Issuance of common shares Payment to purchase repair shop equipment Payments to landlord Newspaper advertising payment Utility bill payments Part-time helpers wage payments Income tax payment Cash receipts from ski and snowboard repair services31,300 Subtotals Cash balance Totals $19,400 $9,240 1,330 370 870 2,350 11,400 50,700 25,560 25,140 $50,700 $50,700 The repair shop equipment was purchased on November1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The payments to the landlord included a security deposit of $190. The part-time helper is owed $465 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Sunland Company $390 for services they have received but have not yet paid for