Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: Terry Mason invested $25,875 in Succulent Express in exchange for common stock. Paid $7,140 on February 1 for an insurance premium on a one-year policy. Purchased supplies on account, $2,640. Received fees of $52,550 during February. Paid expenses as follows: wages, $16,800; rent, $2,800; utilities, $1,400; and miscellaneous, $1,540. Paid dividends of $8,985