Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations: Accepted $16,100 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months. Performed legal services for cash of $64,000. Purchased $1,050 of office supplies on account. Paid $945 of the amount due on accounts payable. Paid a cash dividend to the stockholders of $5,100. Paid cash for operating expenses of $19,900. Determined that at the end of the accounting period $105 of office supplies remained on hand. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1