Ross, Attorney at Law, experienced the following transactions in 2014, the first year of operations: 1. Purchased $1,050 of office supplies on account. 2. Accepted $18,700 on February 1, 2014, as a retainer for services to be performed evenly over the next 12 months. 3. Performed legal services for cash of $69,500. 4. Paid cash for salaries expense of $21,400. 5. Paid a cash dividend to the stockholders of $4,600. 6. Paid $945 of the amount due on accounts payable. 7. Determined that at the end of the accounting period, $110 of office supplies remained on hand. 8. On December 31, 2014, recognized the revenue that had been earned for services performed in accordance with Transaction 2.