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Required information

$[$The following information applies to the questions displayed below.$]$

The following transactions pertain to Smith Training Company for Year $1$:

Jan. $30$ Established the business when it acquired $$55,000$ cash from the issue of common stock.

Feb. $1$ Paid rent for office space for two years, $$36,000$ cash.

Apr. $10$ Purchased $$770$ of supplies on account.

July $1$ Received $$28,500$ cash in advance for services to be provided over the next year.

$20$ Paid $$578$ of the accounts payable from April $10.$

Aug. $15$ Billed a customer $$9,200$ for services provided durin'g August.

Sept. $15$ Completed a job and received $$3,400$ cash for services rendered.

$0$ct$.1$ Paid employee salaries of $$31,000$ cash.

$15$ Received $$7,600$ cash from accounts receivable.

Nov. $16$ Billed customers $$39,500$ for services rendered on account.

Dec. $1$ Paid a dividend of $$1,300$ cash to the stockholders.

$31$ Adjusted records to recognize the services provided on the contract of July $1.$

$31$ Recorded $$2,250$ of accrued salaries as of December $31.$

$31$ Recorded the rent expense for the year. $($See February $1.)$

$31$ Physically counted supplies; $$110$ was on hand at the end of the period.

d$.$ Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year $1.($Statement of Cash Flows only, enter any decreases to account balances and cash outflows with a minus sign.$)$

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