The following information is provided for Steel Gage, Inc. at December 31,201 Monthly Account Balances (in thousands of dollars) Balance 17,750 16,440 3,600 40,000 64,600 1,500 1,100 50 12,660 25,000 4,000 1,800 800 15,200 10,400 11,000 2,000 Accounts payable Accounts receivable Accrued wages payable Cash Common stock Dividends payable Interest payable Interest receivable Investments Land Long-term notes payable (due June 15, 2019) Prepaid expenses Other noncurrent assets Plant and equipment Retained earnings Short-term notes payable Supplies Steel Gage entered into the following transactions during January 2018 1. Paid $20,000 for land to build a warchouse. 2. Purchased a delivery truck for in exchange for a $60,000, three-year note payable. 3. Issued 30,000 shares of common stock for $8 each. 4. Paid $11,000 on a short-term note payable plus $1,100 of accrued interest. 5. Purchased supplies worth $1,850 on account 6. A stockholder sold $5,000 of her shares in Steel Gage to another investor 7. Redeemed a six $12,660 certificate of deposit held as an investment. Proceeds including accrued interest totaled $12,710 8. Purchased storage racks in exchange for $8,000 cash and a $5,000 note payable due 3/31/18 9. Built the warchouse and paid the contractor $220,000 in cash. 10. Paid dividends of S1 500