The following transactions pertain to the operations of Ewing Company for Year 1: Acquired $30,000 cash from the issue of common stock. Provided $65,000 of services on account. Paid $22,000 cash on accounts payable. Performed services for $8,000 cash. Collected $51,000 cash from accounts receivable. Incurred $37,000 of operating expenses on account. Paid $6,500 cash for one years rent in advance. Paid a $4,000 cash dividend to the stockholders. Paid $1,200 cash for supplies to be used in