During March, the business completed the following transactions:

1- Issued common shares for $ 8000 cash

2. Borrowed $42,000 from the bank, with Calderon signing a note payable in the name of the business.

3. Paid cash of $39,000 to a real estate company to acquire land.

4. Performed service for a customer and received cash of $20,000.

5. Purchased supplies on credit, $500.

6. Performed customer service and earned revenue on account, $3500.

7. Paid the following cash expenses: salaries, $2300; rent, $1,800; and interest, $600.

8. Received $1,500 on account.

9. Received a $700 utility bill that will be paid next month.

10. Declared and paid dividend of $1700.

Prepare for March: Accounting equation, trial balance, Net income ,retained earnings, Balance sheet.