During Year 1, Chung Corporation earned $4,800 of cash revenue and accrued $2,500 of salaries expense. Required Based on this information alone: (Hint: Record the events in accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) CHUNG CORPORATION Accounting Equation - Year 1 Assets Liabilities Salaries Cash Payable + Stockholders' Equity Common Retained Stock Earnings Event + + + + $ + + Earned revenue Accrued salaries Ending balance +