The trial balance of Pacilio Security Services Inc. as of January 1.2014. had the followin mal balances: Cash Accounts Receivable Supplies Prepaid Rent Land Unearned Revenue Salaries Payable Common Stock Retained Earnings $12,500 3,500 120 1,000 4,000 900 1,000 8,000 11,220 In 2014, Pacilio Security Services decided to expand its business to sell security offer 24-hour alarm monitoring services. It plans to phase out its current service of provi security personnel at various events. The following summary transactions occurred during 20 1. Paid the salaries payable from 2013. 2. Acquired an additional $42,000 cash from the issue of common stock. 3. Rented a larger building on May 1; paid $6,000 for 12 months' rent in advance. 4. Paid $780 cash for supplies to be used over the next several months by the business. 5. Purchased 50 alarm systems for resale at a cost of S12.000. The alarm systems were ecuny providing chased on account with the terms 2/10, n/30. 6. Returned one of the alarm systems that had a cost of $240. 7. Installed 40 alarm systems during the year for a total sales amount of $20,000. The cost of these systems amounted to $9,440. S15,000 of the sales were on account and $5,000 were cash sales 8. Paid the installers and other employees a total of $9,500 in salaries. 9. Sold $36,000 of monitoring services for the year. The services are billed to the customers each month. 10. Paid cash on accounts payable. The payment was made before the discount period expired. At the time of purchase, the inventory had a cost of $7,920. 11. Paid cash to settle additional accounts payable. The payment was made after the discount period expired. At the time of purchase, the inventory had a cost of $2,880. 12. Collected $43,000 of accounts receivable during the year 13. Performed S12,000 of security services for area events; $9,000 was on account and $3,000 was for cash. 14. Paid advertising cost of $1.620 for the year . Prep re an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows. Accounting for Merchandising Businesses 15. Paid S1.100 for utilities expense for the year. l6. Paid a dividend of S12.000 to the shareholders Adjustment Information 17. Supplies of S150 were on hand at the end of the year 18. Recognized the expired rent for the year 19. Recognized the balance of the unearned revenue; cash was received in 2013, 20. Acrued salaries at December 31, 2014, were $1,500