During 2025, its first year of operations as a delivery service, Sheridan Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $181,000 in cash 2. Borrowed $54,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $5,800 on account. 9 6. Paid rent of $4,800. 7. Performed services on account for $11,000. 8. Paid salaries of $29,300. 9. Paid a dividend of $10,700 to stockholders.