Selfish Gene Company is a merchandising firm The following events occurred during the month of May May 1 Received $40,000 cash as new stockholder investment 3 Purchased inventory costing $8,000 on account from Dawkins Company: terms 2/10 4 Purchased office supplies for $500 cash 4 Held an office party for the retiring accountant hats and refreshments cost $150 and were paid for with office staff contributions 5 Sold merchandise costing $7, 500 on account for $14,000 to Richard Company terms 3/15 ft/30. 8 Paid employee wages of $2000 Gross wages were $2, 450 taxes totaling $450 were withheld 9 Hired a new accountant agreed to a first-year salary of $28,000 9 Paid $1, 500 for newspaper advertising 10 Received payment from Richard Company 12 Purchased a machine for $6.400 cash 15 Declared a cash dividend totaling $25,000 18 Sold merchandise costing $13,000 for $3,000 cash and $21,000 on account to Feynman Company, terms n/30 19 Paid Dawkins Company account in full 22 Company executives appeared on the cover of a national newsmagazine Related article extolled Selfish Gene's labor practices environmental concerns and customer service 23 Market value of Selfish Gene's common stock rose by $150,000 25 Purchased a building for $15.000 cash and a $135.000 mortgage payable 29 Paid dividends declared on May 15 Record the preceding events in general journal form Which event do you think had the, most significant economic impact on Selfish Gene Company? Are al economically relevant events recoded in the financial records