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 $45,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $15,100 cash.
Apr.	10		Purchased $790 of supplies on account.
July	1		Received $21,500 cash in advance for services to be provided over the next year.
	20		Paid $593 of the accounts payable from April 10.
Aug.	15		Billed a customer $10,100 for services provided during August.
Sept.	15		Completed a job and received $2,500 cash for services rendered.
Oct.	1		Paid employee salaries of $37,500 cash.
	15		Received $8,400 cash from accounts receivable.
Nov.	16		Billed customers $33,500 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 $2,000 of accrued salaries as of December 31.
	31		Recorded the rent expense for the year. (See February 1.)
	31		Physically counted supplies; $150 was on hand at the end of the period.

d. Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Year 1. (Round your final answers to the nearest whole dollar amount. Statement of Cash Flows only, items to be deducted must be indicated with a negative amount.)