Sampson Training, Inc. had the following transaction in its first year of business. It's year end in December $31.$

$\backslash$table$[[$Date$,$Event$],[5-$Jan,Began the business by issuing common stock and receiving $$40,000$ in cash.$],[1-$Feb,Paid cash of $$24,000$ for rental space. This is for two years.$],[9-$Mar,Purchased $$3,500$ of supplies on account.$],[2-$Apr,Received $$21,600$ for service to be provided for the next $12$ months.$],[19-$May,Paid $$1,800$ cash on the accounts payable owed.$],[20-$Jul,Billed a customer for $$21,000$ for services provided during July.$],[16-$Aug,Received $$8,800$ cash for services provided.$],[1-$Sep,Paid employees salaries of $$15,000$ cash.$],[15-$Sep,Received $$18,000$ cash from customers $($owing on accounts receivable$).],[22-$Nov,Billed a customer for $$40,000$ for services provided during the month.$],[1-$Dec,Paid dividends of $$18,000$ cash to stockholders.$],[,],[$Adjusting Entries,Adjusted records to recognize the services provided on the contract received in April.$],[31-$Dec,Recorded $$4,200$ of accrued salaries.$],[31-$Dec,Recorded rent expense for the year.$],[31-$Dec,Recorded use of supplies. $$320$ of supplies are on hand at year end.$],[31-$Dec,Res$]]$

Required: Within the workbook, complete the following. DO THESE STEPS IN ORDER!

a Record the preceding transactions using the horizontal statements model.

b Record the preceding transactions in the general journal.

c Post the transaction to T$-$accounts and calculate the account balances.

d Prepare the income statement, statement of stockholder's equity, balance sheet and cash flow statement.

e Record the closing entries needed at year end.

f Post the closing entries to the general ledger.