The following events opply to Montgorery Compeny for Yest ti its fint yest of operasion. 1. Recenved cash of $46.000 from the itsue of common stockic 2. Performed $65,000 of services on account 3. Incured $9,900 of ather pperating expenses on occount. 4. Paid $38.000 cash for solgaies expense 5. Collected 543,000 of accounti receivoble: 6. Paid o 54.700 dividend to the stock holder. 7. Performed 511,200 of services for cosh. 8. Peid 57200 of the accounts ptyabie. Required a. Pecord the preceding transections if generol journal form. b. Post the entriet to T-accounts and determine the encing bolance in each eccourt. c. 8 d. Determine the amount of totsi ossets ot the end of Year t, end the amount of net income for year 1 . Complete this queation by entering your answers in the tabs below. Post the entries to Faccounts and determine the ending tabence in each accourt. Requlred Q. Record the preceding transactions in general joumal 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. Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1