DolCor, Inc. is an accounting firm and began operations on January 1,2021 . The company used the accrual basis of accounting to record the following transactions during 2021: a. Received $5,000 in exchange for capital stock from owners. b. Paid $2,400 for a two-year general business insurance policy on January 1. c. Purchased $2,800 of office supplies on account. d. Received $36,000 on February 1 for work to be performed evenly over the next 12 months. e. $40,000 worth of services were provided to customers on account and $15,000 worth of services were provided to customers for cash. f. Purchased office equipment for $20,000. A cash down payment of $2,000 was made. The remaining $18,000 is due in 24 equal monthly installments beginning on January 1, 2022. g. Paid cash for operating expenses of $18,500. h. Paid a cash dividend of $5,000 to owners. i. Paid $1,800 on the amount due from transaction c. j. Collected $30,000 from customers from transaction e. k. Recorded insurance expense incurred by year-end for transaction b. I. Recorded the usage of $2,500 in the office supplies purchased in transaction c. m. Recorded revenue earned by year-end for transaction d. n. Recorded $3,000 in depreciation for the office equipment purchased in transaction f. Which of the following statements is correct? Total fixed assets on 12.31.21 were $2,000. Total current assets on 12.31.21 were $87,800. Total liabilities on 12.31.21 were $55,000. Total stockholders' equity on 12.31.21 was $62,800. The net income for the year ended 12.31.21 was $57,800