The company entered into the following transactions during the year. January 15 Issued 16,000 shares of $1 par common stock for $72,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,220 shares of $1 par common stock into treasury for $35,420 cash. March 15 Reissued 2,220 shares of treasury stock for $26,420 cash. August 15 Reissued 600 shares of treasury stock for $4,600cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1 Issued 100, 10-year, $1,120 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. December 29 Recorded $252,000 of service revenue, all of which was collected in cash. December 30 Paid $222,000 cash for this year's wages through December 31 . (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and in taxes.) Use the dropdowns to select the accounts properly included on the classified balance sheet. However, you will need to enter the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000