Velor Inc. began operations on December 1, 2014. The transactions for the first month follow. a. A shareholder paid Velor Inc. $35,000 cash for share capital in the business. b. A client rented equipment for $1,600 cash. c. Velor Inc. paid this month's $100 water utilities bill received today. d. Velor Inc. collected $6,500 for commissions earned today. e. Velor Inc. will pay this month's electrical utilities bill of $200 received today, within 30 days. f. Velor Inc. paid $450 for this month's gas utilities bill received today. g. $1,900 of commissions were earned and collected today by Velor Inc. h. A client rented equipment for $1,400 cash. i. The bill for the $1,500 advertising campaign that ran last week was received today and paid. j. Velor Inc. paid dividends of $1,900 to the shareholders.