The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Debits Credits Cash Accounts Recelvable 4,000 9,000 3,000 Equipment Accounts Poybciltion 25.000 6,000 4,000 5.000 Utilities Payable Deferred Revenue Common Stock Retained Earnings 8.000 9.000 Totals $42,000 $42.000 The following is a summary of the transactions for the year a. January 24 Provide plumbing services for cash, $15,000, and on account, $60,000 b. March 13 Collect on accounts receivable, $48,000 c. May 6lssue shares of common stock in exchange for $10,000 cash d. June 30Pay salaries for the current year, $32,000 e. September 15 Pay for utilities expenses, $12,000, of which $5,000 represents costs for 2017 f. November 24 Receive cash in advance from customers, $8,000 g. December 30 Pay $2,000 cash dividends to stockholders h. Depreciation for the year on the machinery is $6,000. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $8,000 paid in advance by customers, $6,000 of the work has been completed by the end of the year