Transactions made by Kingbird, Inc., a law firm, for the month of March are shown as follows.

The company performed $$21,500$ of services for customers, on credit.

The company received $$21,500$ in cash from customers who had been billed for services $($in transaction $1).$

The company received a bill for $$3,900$ of advertising, but will not pay it until a later date.

The company paid a dividend of $$8,000$ in cash to stockholders.