During 2022, its first year of operations as a delivery service, Blossom Corp. entered into the following transactions. The fiscal year end for Blossom is December 31. 1. 2. 3. 4. 5. Issued common shares to investors in exchange for $124,000 in cash. Borrowed $55,800 cash from the bank, due 2024. Purchased delivery vehicles for $74,400 cash. Received $32,240 from customers for services provided Purchased supplies for $5,600 on account Paid rent of $6,680. Performed services on account for $12,400. Paid salaries of $34,720 Declared and paid a dividend of $13,640 to shareholders. Paid income taxes of $460 for the month 6. 7. 8. 9. 10. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts List all debit entries before credit entries.) Sr No Account Titles and Explanation Debit Credit 1 2 7 8 10