Swifty Corporation began operations on January 2. Its year end is December 31, and it adjusts its accounts annually. Selected transactions for the current year follow:

1.		On January 2, purchased supplies for $4,220 cash. A physical count at December 31 revealed that $680 of supplies were still on hand.
2.		Purchased a vehicle for $41,100 on April 1, paying $5,900 cash and signing a $35,200 bank loan for the balance. The vehicle is estimated to have a useful life of 5 years and the company uses straight-line depreciation. The bank loan has an interest of 3%, payable at maturity.
3.		Purchased a $3,240, one-year insurance policy for cash on August 1. The policy came into effect on that date.
4.		Received a $1,730 advance cash payment from a client on November 9 for services to be performed in the future. As at December 31, half of these services had been completed.
5.		On December 1, the company rented additional office space for a six-month period starting on December 1 for $1,320 each month. It paid rent for the months of December and January in advance on this date.