Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations: 1. Accepted $15,200 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $63,500. 3. Purchased $1,300 of office supplies on account. 4. Paid $1,170 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $5,900. 6. Paid cash for operating expenses of $18,700. 7. Determined that at the end of the accounting period $105 of office supplies remained on hand. 8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.