On June 1, 2018, Martinez Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: Cash Accounts receivable Accounts payable Bank loan payable Common shares Dividends declared Service revenue Supplies expense $14,000 8,000 7,200 22.000 30,000 1,200 24,600 2,800 Supplies Equipment Interest expense Office expense Utilities expense Income tax expense Salaries expense $1,100 46,700 800 1.400 1.400 700 5,700 On June 1, 2018, Martinez Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: Cash Accounts receivable Accounts payable Bank loan payable Common shares Dividends declared Service revenue Supplies expense $14,000 8,000 7,200 22.000 30,000 1,200 24,600 2,800 Supplies Equipment Interest expense Office expense Utilities expense Income tax expense Salaries expense $1,100 46,700 800 1.400 1.400 700 5,700