The following information applies to the questions displayed belowj The general ledger of Red Storm Cleaners at January 1, 2015, includes the following account balances Accounts Debits Credits 12,500 Cash 6,500 Accounts Receivable Supplies 2,500 Equipment 17,500 6,000 Accumulated Depreciation 8,500 Salaries Payable Common Stock 17,500 7000 Retained Earnings Totals $39,000 $39,000 The following is a summary of the transactions for the year: a. Sales of services, $45,000, of which $19,500 is on account. b. Collect on accounts receivable, $16,500. c. Issue shares of common stock in exchange for $5,000 cash d. Pay salaries, $24,500 (of which $8,500 is for salaries payable in 2014). e. Pay repairs and maintenance expenses, $11,500. f Purchase equipment for $6,500 cash g. Pay $1,000 cash dividends to stockholders