Pratt Corp. started the accounting period with $34,000 of assets, $14,000 of liabilities, and $19,000 of retained

earnings. During the period, the Retained Earnings account increased by $18,050. The bookkeeper reported that

Pratt paid cash expenses of $33,000 and paid a $3,400 cash dividend to stockholders, but she could not find a

record of the amount of cash that Pratt received for performing services. Pratt also paid $8,500 cash to reduce

the liability owed to a bank, and the business acquired $7,700 of additional cash from the issue of common stock.