The following transactions occurred during March, the first month of operations for Quality Galleries, Inc.: * Capital stock was issued in exchange for $400,000 cash. * Purchased $180,000 of equipment by making a $80,000 cash down payment and signing a note payable for the balance. * Made a $40,000 cash payment on the note payable from the purchase of equipment. * Sold a piece of equipment on account for $20,000. Question 1. What is the balance in the Cash account at the end of March? Question 2. What are total assets of Quality Galleries at the end of March? Question 3. What is the balance in the Note Payable account at the end of March? Question 4. What is the balance of accounts receivables at the end of March