Kathy Perry opened a business called Perry Engineering and recorded the following transactions in its first month of operations. June 1 Kathy Perry, the owner, invested $154,000 cash, office equipment with a value of $18,500, and $87,000 of drafting equipment to launch the company in exchange for common stock. June 2 The company purchased land worth $62,500 for an office by paying $25,200 cash and signing a long-term note payable for $37,300. June 2 The company purchased a portable building with $41,500 cash and moved it onto the land acquired on June 2. June 2 The company paid $11,100 cash for the premium on a 15-month insurance policy. June 7 The company completed and delivered a set of plans for a client and collected