The following are the transactions relating to the formation Cardinal Mowing Senices, Inc. and its first month of operations. a. The firm was organized and the initial stockholders invested cash of S300 The company borrowed S450 from a relative of one of the initial stockholders, a short-term note was c. Two zero-turn lawn mowers costing $240 each and a professional trimmer costing $65 were purchased for cash. The originallist price of each mower was S305, but a discount was received because the seller having a sale. Advertising flyers announcing the formation of the business and a newspaper ad were purchased.The cost of these items, S85, will be paid in 30 days. f During the first two weeks of 47 lawns were mowed. The total revenue for this work was $353 $233 in cash, and the balance will be received within 30 days. mployees were paid $210 forther work during the first two weeks. h Additional gasoline, oil and trash bags costing S55 were purchased for cash. i. In the last two weeks of the first month, revenues totaled $460, of which $188 was collected. Employee wages for the last two weeks totaled $255 thesewillbe paid during the first week of the next month. k. It was determined that at the end of the month the cost of the gasoline, oil, and trash bags still on hand was $15. Customers paid a total of$75 due from mowing services provided during the first two weeks. The revenue for these servioes was reoognized intransaction