Table 1 The following transactions occurred during June, the first month of operations for XYZ Company. 1. Issued 50,000 shares of common stock for $300,000 cash. 2. Purchased Equipment for $100,000, making a $60,000 down payment and signing a note payable for the balance. 3. Collected $50,000 cash for services performed this month. 4. Paid $35,000 for expenses incurred this period. 5. Declared and distributed a $2,000 cash dividend. What is the balance in the Cash account at the end of June? O $413,000 O $255,000 O $253,000 O $3,000