The following information applies to the questions displayed below On January 1, 2018, Red Flash Photography had the following balances: Cash, $15,000; Supplies, S8,300; Land, $63,000; Deferred Revenue, $5,300; Common Stock $53,000; Retained Earnings, $28,000. During 2018, the company had the following transactions: 1. February 15 Issue additional shores of common stock, $23,000. 2. May 20 Provide services to customers for cash, $38,000, and on account, $33,000. 3. August 31 Pay salaries to employees for work in 2018, $26,000. 4. October 1 Purchase rental space for one year, $15,000. 5. November 17 Purchase supplies on account. $25,000. 6. December 30 Pay dividends, $2.300. The following information is available on December 31, 2018 1. Employees are owed an additional $4,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,300 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed