On June 1, 2022, Ivanhoe Company was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 4,840 Notes payable $12,480 Accounts receivable 4,270 Accounts payable 770 Service revenue 7,700 Supplies expense 780 Supplies 2,462 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 23,700 Salaries and wages expense 1,000 Common stock 19,250 During June, the company issued no additional stock but paid dividends of $1,848.