The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable $13,000 Debits Credits 6,600 Supplies 2,600 Equipment 17,000 Accumulated Depreciation $ 5,800 Salaries Payable Common Stock Retained Earnings Totals 8,300 18,000 7,100 $39,200 $39,200 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $46,000, of which $19,600 is on account. 2 Collect on accounts receivable, $16,600. 30 Issue shares of common stock in exchange for $4,000 cash. 1 Pay salaries of $8,300 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,600. 6. October 19 Purchase equipment for $6,600 cash. 7. December 30 Pay $1,200 cash dividends to stockholders.