1. Issue common stock for cash, $10,000. 2. Provide services to customers on account, $8,400. 3. Provide services to customers in exchange for cash, $3,100. 4. Purchase equipment and pay cash, $7,500. 5. Pay rent for April, $1,200. 6. Pay employee salaries for April, $3,400. 7. Pay dividends to stockholders, $1,950. Required: Using the external transactions above, compute the balance of Retained Ear negative.) Transaction Balance Retained earnings, April 1 1. Issue common stock for cash, $10,000. $ 12,900 0 2. Provide services to customers on account, $8,400. 8,400 3. Provide services to customers in exchange for cash, $3,100. 3,100 4. Purchase equipment and pay cash, $7,500. 0 5. Pay rent for April, $1,200. (1,200) 6. Pay employee salaries for April, $3,400. (3,400) 7. Pay dividends to stockholders, $1,950. Retained earnings, April 30 (1,950)