The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $33,000 from the issue of common stock. 2. Performed $52,000 of services on account. 3. Incurred $7,300 of other operating expenses on account. 4. Paid $25,000 cash for salaries expense. 5. Collected $36,500 of accounts receivable. 6. Paid a $3,400 dividend to the stockholders. 7. Performed $9,900 of services for cash. 8. Paid $5,900 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. ecord the preceding transactions in general journal form. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field