The following information applies to the questions displayed below.] The following transactions apply to Brooks Co. for 2014, its first year of operations. 1. Issued $190,000 of common stock for cash. 2. Provided $90,000 of services on account 3. Collected $74,000 cash from accounts receivable 4. Loaned $15,000 to Horne Co. on October 1, 2014. The note had a one-year term to maturity and an 8 percent interest rate 5. Paid $40,000 of salaries expense for the year. 6. Paid a $3,000 dividend to the stockholders. 7. Recorded the accrued interest on December 31, 2014 (see item 4) 8. Uncollectible accounts expense is estimated to be 1 percent of service revenue on account