United Corporation opens a new Hotel on January 1, 2020. During the first month of operations, the following transactions occurred. 1st January, United corporation issued common stock in exchange for $100,000 cash. 2nd Paid $2,000 on account for design a new gym to Hani construction corporation. 5th Purchased cars and paid cash $3,000 to Abdullah Group. 10th purchased sports equipment from MSMY $2,500 on account. 20th Provided services to A.O.M.F.A corporation for $3,000 and they will pay for next month. 27th Paid salary for employees $5,000 Cash. 28th Paid the half amount for Hani Construction corporation which is on 2nd of January. 29th Paid dividends $3,500 Cash. Instructions 1- Journalize the transitions. 2- Prepare the ledger. 3. Prepare the trial balance. 4- Prepare Income statement. 5. Prepare retained earnings statement. 6- Prepare Balance sheet