Majka Company was started on January $1,$ Year $1.$ During Year $1,$ the company experienced the following accounting events: $(1)$ Issued $52,800$ worth of common stock $(2)$ earned cash revenues of $$31,300,(3)$ paid cash expenses of $$14,100,$ and $(4)$ paid a $$2,400$ cash dividend to its stockholders. These were the only events that affected the company during Year $1.$

Required

a$.$ Record the effects of each accounting event under the appropriate general ledger account headings.

b$.$ Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December $31,$ Year $1,$ for Majka Company.

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Required A$,\backslash$table$[[$Required B Inc$],[$Stmt$]],\backslash$table$[[$Required B$],[$Stmt of$],[$Changes$]],\backslash$table$[[$Required B Bal$],[$Sheet$]]]]$

Record the effects of each accounting event under the appropriate general ledger account headings. $($Enter any decreases to account balances with a minus sign.$)$

$\backslash$table$[[$MAJKA COMPANY$],[$Accounting Equation for Year $1],[$Event$,$Assets,$=,$Liabilities,$+,$Stockholders' Equity$],[$Cash$,=,,+,\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$Earnings$]]],[1.,31,300,=,(14,100),+,52\mathrm{.}8000,+,(35,600)$