You are hired as a new staff accountant for Chalky Co., a reputable chalkboard company, that specializes in selling that specializes in selling and installing chalkboards. Your first task is to book the accounting transactions for January 2020 and complete the financial statements. 1. On January 8, 2020 Chalky Co. issues $30,000 shares of common stock for cash. 2. On January 12, 2020 new equipment was purchased on account for $5,000. Payment will be due in 30 days. 3. On January 15, 2020 Star Co. paid Chalky Co. $6,000 in advance to install new chalkboards. Chalky Co. plans on performing the service next month. 4. On January 16, 2020 Chalky Co. provided installation services to Marker Pros for $6,600. Marker Pros asked to be billed for the service performed. 5. On January 18, 2020 Chalky Co. pays their utilities bills of $450 with cash. 6. On January 20, 2020 Chalky Co. distributes $200 cash in dividends to stockholders 7. On January 21, 2020 Chalky Co. provides installation service to BD Company and receives a cash payment of $5,000. 8. On January 22, 2022 Chalky Co. decides to pay in full with cash for the equipment purchased on January 12, 2020. 9. On January 23, 2020 salary expenses of $3,400 was paid in cash. 10. On January 23, 2020 Marker Pros paid cash for the services that were performed on January 16, 2020. 11. On January 27, 2020 Chalky Co. provided installation services to Pen Inc. for $800. Pen Inc. asked to be billed for the service performed.