April 21t your customers bought 15,000 units of your product for $123 per unit (you decide what your company sells). The cost of this product is determined by the method of inventory valuation used by your company. Customers paid you 60% in cash and the remainder was on account On April 27nd you purchased g,250 units at a cost of $788 per unit You paid 70% in cash and purchased the remainder on account. On April you pay $576,000 cash toward your accounts payable. May On May 1m you pay all dividends owed to your owners. On May you contributed S2g,ooo of your own cash to the company June Leased additional warehouse space from Leasing Solutions for two years on June due to expiration of the previous rental contract. $112,000 cash was paid for the new contract on this date which covers the rental fee for two years. There is no value left in the previous contract [Adjusting Entry Required)