Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred: Wiley invested $37,000 cash in the business. Wiley contributed $112,000 of equipment to the business. The company paid $3,200 cash to rent office space for the month of March. The company received $28,000 cash for repair services provided during March. The company paid $7,400 for salaries for the month of March. The company provided $4,200 of services to customers on account.