The general ledger of Pipers Plumbing at January $1,2024,$ includes the following account balances:

The following is a summary of the transactions for the year:

January $24$ Provide plumbing services for cash, $$14,000,$ and on account, $$59,000.$

March $13$ Collect on accounts receivable, $$47,000.$

May $6$ Issue shares of common stock in exchange for $$10,000$ cash.

June $30$ Pay salaries for the current year, $$31,800.$

September $15$ Pay utilities of $$4,600$ from $2024($prior year$).$

November $24$ Receive cash in advance from customers, $$7,600.$

December $30$ Pay $$1,800$ cash dividends to stockholders.

The following information is available for the adjusting entries.

Depreciation for the year on the machinery is $$5,600.$ Plumbing supplies remaining on hand at the end of the year equal $$1,000.$ Of

the $$7,600$ paid in advance by customers, $$5,800$ of the work has been completed by the end of the year. Accrued utilities at year$-$e

amounted to $$7,200.$