The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Debits Credits 4,300 9,300 3,300 32,000 Cash Accounts Recelvable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings s7,200 5,200 6,200 21,000 9,300 Totals 48,900 $48,900 The following is a summary of the transactions for the year: a. January 24 Provide plumbing services for cash, $18,000, and on account, $63,000. b. March 13 Collect on accounts receivable, $51,000. C. May 6lssue shares of common stock in exchange for $10,000 cash. d. June 30Pay salaries for the current year, $32,600. .September 15 Pay for utilities expenses, $12,600, of which $6,200 represents costs for 2017 f. November 24 Receive cash in advance from customers, $9,200. g. December 30 Pay $2,600 cash dividends to stockholders. h. Depreciation for the year on the machinery is $7,200. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $9,200 paid in advance by customers, $6,600 of the work has been completed by the end of the year