Nelson Company experienced the following transactions during Year 1, ts fist year in operation. 1. Issued $12,000 of common stock to stockholders. 2. Provided $4,600 of services on account 3. Paid $3,200 cash for operating expenses 4. Collected $3,800 of cash from accounts receivable. 5. Paid a $200 cash dividend to stockholders Nelson Company experienced the following transactions during Year 1, ts fist year in operation. 1. Issued $12,000 of common stock to stockholders. 2. Provided $4,600 of services on account 3. Paid $3,200 cash for operating expenses 4. Collected $3,800 of cash from accounts receivable. 5. Paid a $200 cash dividend to stockholders