The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 4,200 Accounts Receivable 9,200 Supplies 3,200 Equipment 30,000 Accumulated Depreciation $ 6,800 Accounts Payable 4,800 Utilities Payable 5,800 Deferred Revenue 0 Common Stock 20,000 Retained Earnings 9,200 Totals $46,600 $46,600 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $17,000, and on account, $62,000. 13 Collect on accounts receivable, $50,000. 2. March 3. May 4. June 6 Issue shares of common stock in exchange for $11,000 cash. 30 Pay salaries for the current year, $32,400. 5. September 15 Pay utilities of $5,800 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $8,800. 7. December 30 Pay $2,400 cash dividends to stockholders.