The following events apply to Paradise Vacations's first year of operations: 1. Acquired $32,000 cash from the issue of common stock on January 1 , Year 1 . 2. Purchased $1,400 of supplies on account. 3. Paid $5,640 cash in advance for a one-year lease on office space. 4. Earned $40,350 of revenue on account. 5. Incurred $14,300 of other operating expenses on account. 6. Collected $30,000 cash from accounts receivable. 7. Paid $9,600 cash on accounts payable. 8. Paid a $4,200 cash dividend to the stockholders. Information for Adjusting Entries 9. There was $270 of supplies on hand at the end of the accounting period. 10. The lease on the office space covered a one-year period beginning November 1. 11. There was $4,800 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form. b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement. d-2. Prepare a statement of changes in stockholders' equity. d-3. Prepare a balance sheet. d-4. Prepare a statement of cash flows. PARADISE VACATIONS Statement of Changes in Stockholders' Equity For the Year ended December 31, Year 1 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ PARADISE VACATIONS } \\ \hline \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline As of December 31, Year 1 & & \\ \hline Assets & & \\ \hline & & \\ \hline & & \\ \hline Total assets & & \\ \hline Liabilities & & \\ \hline & & \\ \hline Total liabilities and stockholders' equity & & \\ \hline Total liabilities & & \\ \hline Stockholders' Equity & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ PARADISE VACATIONS } \\ \hline \multicolumn{2}{|c|}{ Statement of Cash Flows } \\ \hline Cash flows from operating activities & & \\ \hline & & \\ \hline & & \\ \hline Net cash flow from operating activities & & \\ \hline Cash flows from investing activities & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline Net cash flow from financing activities & & \\ \hline Net change in cash & & \\ \hline \end{tabular}