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

January $30$ Established the business when it acquired $$46,000$ cash from the issue of common stock.

February $1$ Paid rent for office space for two years, $$24,000$ cash.

April $10$ Purchased $$820$ of supplies on account.

July $1$ Received $$21,000$ cash in advance for services to be provided over the next year.

July $20$ Paid $$615$ of the accounts payable from April $10.$

August $15$ Billed a customer $$9,200$ for services provided during August.

September $15$ Completed a job and received $$3,100$ cash for services rendered.

October $1$ Paid employee salaries of $$34,000$ cash.

October $15$ Received $$7,600$ cash from accounts receivable.

November $16$ Billed customers $$33,500$ for services rendered on account.

December $1$ Paid a dividend of $$700$ cash to the stockholders.

December $31$ Adjusted records to recognize the services provided on the contract of July $1.$

December $31$ Recorded $$2,500$ of accrued salaries as of December $31.$

December $31$ Recorded the rent expense for the year. $($See February $1.)$

December $31$ Physically counted supplies; $$120$ was on hand at the end of the period.

d$.$ Prepare the income statement, statement of changes in stockholders$$ equity, balance sheet, and statement of cash flows for Year $1$