2. Nelson Company experienced the following transactions during Year 1, its first year in operation. 1) Issued $9400 of common stock to stockholders. 2) Provided $5700 of services on account. 3) Paid $2450 cash for operating expenses. 4) Collected $3600 of cash from accounts receivable. 5) Paid a $270 cash dividend to stockholders. 2. Nelson Company experienced the following transactions during Year 1, its first year in operation. 1) Issued $9400 of common stock to stockholders. 2) Provided $5700 of services on account. 3) Paid $2450 cash for operating expenses. 4) Collected $3600 of cash from accounts receivable. 5) Paid a $270 cash dividend to stockholders