The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Debits Credits $3,950 8,950 2,950 25,000 $5,800 3,800 4,800 17,500 8,950 Totals $40,850 $40,850 The following is a summary of the transactions for the year: a. January 24 Provide plumbing services for cash, $14,500, and on account, $59,500. b. March 13 Collect on accounts receivable, $47,500. c. May 6lssue shares of common stock in exchange for $12,000 cash. d. June 30Pay salaries for the current year, $31,900. e. September 15 Pay for utilities expenses, $11,900, of which $4,800 represents costs for 2017 f. November 24 Receive cash in advance from customers, $7,800 g. December 30 Pay $1,900 cash dividends to stockholders. h. Depreciation for the year on the machinery is $5,800. Plumbing supplies remaining on hand at the end of the year equal $1,200. Of the $7,800 paid in advance by customers, $5,900 of the work has been completed by the end of the year