Transactions made by Mickelson Co. for the month of March are shown below. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 3.4. 

1. The company performed $20,000 of services for customers on account. 

2. The company received $20,000 in cash from customers who had been billed for services [in transaction (1)]. 

3. The company received a bill for $1,800 of advertising but will not pay it until a later date. 

4. Mickelson Co. paid a cash dividend of $3,000.