Questions 12-13 (of 13) /The following information applies to the questions displayed below) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October: October 2 Recelve membership dues for the month of October totaling $8.200. October 5 Issue common stock in exchange for cash. $12.000 October 9 Purchase additional boxing equipment for $9300, paying one-half of the amount in cash and the other one-half due by the end of the year October 12 Pay $1200 for advertising regarding a spectal membership rate available during the month of October October 19 Pay dividends to stockholders, $4,100. October 22 Pay liability Insurance to cover accidents to members for the next six months, starting October 22 Pay ilablity insurance to cover acckdents to members for the next sx months, staring November 1, $6,60o. October 25 Receive cash in advance for November memberships. $5.300 October 30 Receive. but do not pay, utilities bill for the month. $4 900 October 31 Pay employees' salaries for the month, $7000. value 10.00 points