The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Debits $11,500 Credits Accounts Receivable 6,300 Supplies 2,300 Equipment 18,500 Accumulated Depreciation $ 6,400 Salaries Payable Common Stock Totals 8,900 16,500 Retained Earnings 6,800 $38,600 $38,600 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $43,000, of which $19,300 is on account. 2 Collect on accounts receivable, $16,300. 30 Issue shares of common stock in exchange for $4,000 cash. 1 Pay salaries of $8,900 from 2020 year). (prior 5. September 25 Pay repairs and maintenance expenses, 6. October 7. December $11,300. 19 Purchase equipment for $6,300 cash. 30 Pay $1,200 cash dividends to stockholders.