1. Received $45,000 cash from the issue of common stock. 2. Performed services on account for $73,000. 3. Paid a $4,500 cash dividend to the stockholders. 4. Collected $51,000 of the accounts receivable. 5. Paid $45,000 cash for other operating expenses. 6. Performed services for $11,000 cash. 7. Recognized $1,500 of accrued utilities expense at the end of the year. \begin{tabular}{|l|l|ll|} \hline b. & Net income & $ & 37,500 \\ \hline d. & Net cash flow from operating activities & $ & 17,000 \\ \hline e. & Before-closing balance & & \\ \hline & After-closing balance & \\ \hline f. & Balance of retained earnings & \\ \hline \end{tabular}