The following information applies to the questions displayed below. The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Cash Accounts Recevable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Debits $15,500 7,100 3,100 0,500 Credits $ 3,200 5,200 20,500 7,300 Totals $36,200 $36,200 The following is a summary of the transactions for the year: a. March 12 Provide services to customers, $51,000, of which $20,100 is on account b. May 2 Collect on accounts receivable, $17100. c. June 30 Issue shares of common stock in exchange for $6,000 cash. d. August 1 Pay salaries, $25,100 (of which $5,200 is for salaries payable in 2017). e. September 25 Pay repairs and maintenance expenses, $12,100. f. October 19 Purchase equipment for $7100 cash. g. December 30 Pay $1,100 cash dividends to stockholders. h. Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $4,100. Office supplies remaining on hand at the end of the year equal $1,200