Waddell Company had the following balances in its accounting records as of December 31, 2018: Assets Cash Liabilities and Equity $ 46,000 Accounts Payable28,000 Accounts Receivable 54,000 31,000 $131,000 Common Stock Land Totals 85,000 Retained Earnings 18,000 $131,000 The following accounting events apply to Waddell Company's 2019 fiscal year: Jan. Feb. from the iss 1 Paid $5,100 cash in advance for a one-year lease for office space. Mar. 1 Paid a $1,700 cash dividend to the stockholders. April 1 Purchased additional land that cost $31,000 cash. May 1 Made a cash l Received $7,600 ash in advance as a retainer for services to be payable of $20,000. ly performed monthly over the coming year Sept. 1Sold land for $21,000 cash that had originally cost $21,000 oct. 1 Purchased $1,050 of supplies on account. Dec. 31 Earned $65,000 of service revenue on account during the year. 31 Received cash collections from accounts receivable amounting to $61,000. 31 Incurred other operating expenses on account during the year that amounted to $10,000. 31 Recognized accrued salaries expense of $5,300. 31 Had $130 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $36,000. 31 Recognized $122 of accryed interest revenue