The following events occurred during the first month of a company's operations For each these events. Indicate whether it should, or should not be recorded (recognized in the accounting records in the current period Recorded or Not Recorded Event 1 The company prepares a business plan requesting a $12.200 bank loan, 2 The company enters into a lease for premises at a cost of $1,220 per month and pays a deposit equal to one month's cost. 3. The company submits a bid for a construction contract in the amount of $61.000 and is successful with the bid, 4. The company hires a supervisor to oversee the construction contract at a cost of $4,880 per month 5. The company pays the supervisor one month's salary in advance