Kaylee's Speed Almeters (say it fast) makes aftermarket speedometers that work really well. KSA reported the following Balance Sheet as of 12/31/2018: Balance Sheet as of 12/31/2018 Cash $12,000 Accounts Receivable 3,000 Inventory 5,000 Prepaid Rent 9,000 Current Assets 29,000 Equipment 27,000 Accumulated Depreciation -6,750 Equipment, Net 20,250 Total Assets 49,250 Accounts Payable 8,240 Wages Payable 1,000 Current Liabilities 9,240 Loans Payable 13,000 Total Liabilities 22,240 Common Stock 10,5001 Retained Earnings 16,510 Total Shareholders' Equity 27,010 Total Liabilities and 49,250 We now begin the year 2019. The following transactions occurred in 2019. Record JE's on next page. a. On January 1, purchased a patent for $4,000. b. On January 1, issued a $10,000 face value bond. The bond was sold at par. The bond matures on 12/31/2022 and has a yield of 6%. C. Performed painting services for customers totaling $32,500, of which $13,000 was on credit and the rest was for cash. d. On January 13, paid employees $14,000 for two weeks of wages. This cash payment included payment for wage expenses incurred in 2018. e. Declared a cash dividend totaling $3,800. f. Collected $3,000 from customers for services to be delivered in a future period. g. Sold painting supplies to customers for $7,250 cash. The cost of the inventory sold was $3,100. h. Paid the cash dividend of $3.800. i. Collected cash from customers of $2,200 for outstanding accounts receivable. j. Issued no-par common stock for $5,200. k. Paid misc. operating expenses of $8.500. 1. On 12/31/2019, paid the coupon on the bond issued in (b)