The following information applies to the questions displayed below On January 1,2018, Red Flash Photography had the following balances: Cash, $23,000, Supplies, $9,100, Land, $71,000; Deferred Revenue, $6,100, Common Stock $61,000, Retained Earming $36,000. During 2018, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $31,000 2. May 20 Provide services to customers for cash, $46,000, and on account $41,000 3. August 31 Pay salarles to s for work in 2018, $34,000 October 1 Purchase rental space for one year, $23,000 supplies on account, $33,000 6 December 30 Pay dividends, $300 The followlng Information is avalable on December 31, 2018: 1. Employees are owed an additional $5,100 in salaries 2. Three months of the rental space has expired 3. Supplies of $6,100 remain on hand 4. All of the services associated with the beginning deferred revenue have been performed