Exercise 3-3 During 2017,its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $195,000 in cash. 2. Borrowed $46,000 by issuing bonds. 3. Purchased delivery trucks for $51,000 cash. 4. Received $18,000 from customers for services performed. 5. Purchased supplies for $3,600 on account. 6. Paid rent of $4,700. 7. Performed services on account for $11,700. 8. Paid salaries of $28,200. 9. Paid a dividend of $11,700 to shareholders