During 2018, its first year of operations as a delivery service, Ivanhoe Corp. entered into the following transactions. The fiscal year end for Ivanhoe is December 31. 1. Issued common shares to investors in exchange for $107,000 in cash. 2. Borrowed $40,000 cash from the bank, due 2020. 3. Purchased delivery vehicles for $57,000 cash. 4. Received $28,000 from customers for services provided. 5. Purchased supplies for $3,900 on account. 6. Paid rent of $5,900. 7. Performed services on account for $9,000. 8. Paid salaries of $29,000. 9. Declared and paid a dividend of $12,000 to shareholders. 10. Paid income taxes of $300 for the month.