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

The following transactions pertain to Smith Training Company for Year 1:

Jan.	30		Established the business when it acquired $47,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $16,500 cash.
Apr.	10		Purchased $730 of supplies on account.
July	1		Received $26,000 cash in advance for services to be provided over the next year.
	20		Paid $548 of the accounts payable from April 10.
Aug.	15		Billed a customer $10,100 for services provided during August.
Sept.	15		Completed a job and received $2,600 cash for services rendered.
Oct.	1		Paid employee salaries of $30,500 cash.
	15		Received $9,100 cash from accounts receivable.
Nov.	16		Billed customers $40,000 for services rendered on account.
Dec.	1		Paid a dividend of $1,200 cash to the stockholders.
	31		Adjusted records to recognize the services provided on the contract of July 1.
	31		Recorded $2,400 of accrued salaries as of December 31.
	31		Recorded the rent expense for the year. (See February 1.)
	31		Physically counted supplies; $80 was on hand at the end of the period.

c. Prepare a trial balance.d. Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Year 1.