The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $39,000 from the issue of common stock. 2. Performed $58,000 of services on account. 3. Incurred $8,500 of other operating expenses on account. 4. Paid $31,000 cash for salaries expense. 5. Collected $39,500 of accounts receivable. 6. Paid a $4,000 dividend to the stockholders. 7. Performed $10,500 of services for cash. 8. Paid $6,500 of the accounts payable. Required a. Record the preceding transactions in general journal form. b. Post the entries to T-accounts and determine the ending balance in each account c. & d. Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1. Complete this question by entering your answers in the tabs below. Rega ReqB ReqC and D Record the preceding transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Received cash of $39,000 from the issue of common stock. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry clear entry View general journal Reg A ReqB > Req A ReqB ReqC and D Post the entries to T-accounts and determine the ending balance in each account. Cash Accounts Receivable Bog. Bal Beg. Bal End. Bal End. Bal Accounts Payable Common Stock Bog. Bal Beg. Bal > End. Bal End. Bal Dividends Service Revenue Bog. Bal Beg. Bal PI > End. Bal End. Bal Salaries Expense Other Operating Expense Beg. Bal Beg Bal End. Bal End. Bal Complete this question by entering your answers in the tabs below. ReqA ReqB Reg C and D Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1. c. Total assets d. Net income