$[$The following information applies to the questions displayed below.$]$

The following transactions apply to Hooper Co$.$ for Year $1,$ its first year of operations:

Issued $$110,000$ of common stock for cash.

Provided $$94,000$ of services on account.

Collected $$80,000$ cash from accounts receivable.

Loaned $$13,000$ to Mosby Co$.$ on November $30,$ Year $1.$ The note had a one$-$year term to maturity and a $6$ percent interest rate.

Paid $$36,000$ of salaries expense for the year.

Paid a $$3,000$ dividend to the stockholders.

Recorded the accrued interest on December $31,$ Year $1($see item $4).$

Estimated that $1$ percent of service revenue will be uncollectible.