Bramble Corp.s balance sheet at December 31, 2021, is presented below. BRAMBLE CORP. Balance Sheet December 31, 2021 Cash $73,800 Accounts payable $76,800 Accounts receivable 136,500 Common stock ($10 par) 240,000 Allowance for doubtful accounts (4,500 ) Retained earnings 382,200 Supplies 13,200 Land 120,000 Buildings 426,000 Accumulated depreciationbuildings (66,000 ) $699,000 $699,000 During 2022, the following transactions occurred. 1. On January 1, Bramble issued 3,600 shares of $40 par, 7% preferred stock for $147,600. 2. On January 1, Bramble also issued 2,700 shares of the $10 par value common stock for $63,000. 3. Bramble performed services for $960,000 on account. 4. On April 1, 2022, Bramble collected fees of $108,000 in advance for services to be performed from April 1, 2022, to March 31, 2023. 5. Bramble collected $828,000 from customers on account. 6. Bramble bought $105,300 of supplies on account. 7. Bramble paid $96,600 on accounts payable. 8. Bramble reacquired 1,200 shares of its common stock on June 1 for $28 per share. 9. Paid other operating expenses of $564,600. 10. On December 31, 2022, Bramble declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock, all payable on January 15, 2023. 11. An account receivable of $5,100 which originated in 2022 is written off as uncollectible. Adjustment data: 1. A count of supplies indicates that $17,700 of supplies remain unused at year-end. 2. Recorded revenue from item 4 above. 3. The allowance for doubtful accounts should have a balance of $10,500 at year end. 4. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $30,000. 5. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) Prepare journal entries for the transactions listed above and adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)