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Knights, Inc., is an Agritourism Operations in Terra Alta, West Virginia. The following Trail Balance was prepared by Dee Knights for the Business, dated September, 2021. KNIGHTS, INC. TRIAL BALANCE SEPTEMBER 1, 2021 TRANSACTION DEBIT CREDIT 1,000 Cash $ 5,900 Notes receivable 2,000 Cooking supplies Notes payable $ 800 Dividends payable 1000 Dividends 1000 Capital stock 6,200 Retained earnings 1,400 Admission Fee revenue 6,300 Salaries expense 3,300 Advertising expense 1,700 Utility expense 800 TOTAL $ 15,700 B $15,700 Additionally, Knights Inc. added the following transactions for September, 2021. a) Sept. 4 Collected a $1,500 notes receivable from North Elementary School b) Sept. 12 Purchased cleaning supplies for $900 cash. c) Sept. 16 Paid $500 of outstanding notes payable. d) Sept. 21 Dee Knights bought additional shares of capital stock for $4,300 cash. e) Sept. 25 Recorded $7,000 of admission fee revenue to be collected in 30 days. f) Sept. 28 Paid employee salaries of $1,200. g) Sept. 29 Recorded and paid Sept advertising expenses of $700, h) Sept. 30 Recorded $500 in utility expenses to Mon Power. Payment is due Oct. 12. c. Prepare a Trial Balance dated September 30th, 2021. d. Has the company paid all of the dividends that it has declared? Explain fully - use the relevant accounting numbers to support your answer. e. Based in your answer to (d) above, will the $1,000 dividend decrease the company's income? Explain fully. Key: Part A: B: C: D: EF: G: H: Transaction Cash Debit $1,500 $4,300 Credit ($900) ($500) ($1,200) (700) ($500) ($1,500) $7,000 Notes receivable $900 $500 ($4,300) Cleaning Supplies Notes payable Dividends payable Dividends Capital Stock Retained Earnings Admission Fee Revenue Salaries Expense Advertising Expense Utility Expense Total $7,000 $1,200 $700 $500 $16,600 $16,600 ates) Focu DET 18 ce etv NA Am 11 MacBook 000 DOO F4 ca F7 oll FB 15 F6