Transactions Using Accrual Accounting Terry Mason organized The Fifth Season at the beginning of February 20Y4. During February, The Fifth Season entered into the following transactions: a. Terry Mason invested $29,000 in The Fifth Season in exchange for common stock. b. Paid $5,040 on February 1 for an insurance premium on a 1-year policy. c. Purchased supplies on account, $1,560. d. Received fees of $54,690 during February. e. Paid expenses as follows: wages, $15,000; rent, $2,500; utilities, $1,250; and miscellaneous, $1,375. f. Paid dividends of $8,580. Record the preceding transactions using the integrated financial statement framework. After each transaction, enter a balance for each item. If an amount box does not require an entry, leave it blank. Enter account decreases and net cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Assets: Liabilities Stockholders' E Cash V + Supplies V +Prepaid Insurance Accounts Payable Common stock v Ret a. Investment V b. Paid insurance Balances Purchased supplies Balances 00000