The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $56,000, of which $20,600 is on account. 2. May 2 collect on accounts receivable, $17,600. 3. June 30 Issue shares of common stock in exchange for $,000 cash. 4. August 1 pay salaries of $6,200 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,600. 6. October 19 Purchase equipment for $7,600 cash. 7. December 30 Pay $1,600 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $20,400. Depreciation for the year on the equipment is $4,600. Office supplies re on hand at the end of the year equal $1,000. 1547. Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances vill appear for each account, based on your selection. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection