Derma Care is owned and operated by Marilyn McColley, the sole stockholder. During February 2013, Derma Care entered into the following transactions:
a. Marilyn McColley invested $30,000 in Derma Care in exchange for capital stock.
b. Paid $7,200 on February 1 for an insurance premium on a 1-year policy.
c. Purchased supplies on account, $1,200.
d. Received fees of $43,500 during February.
e. Paid expenses as follows: wages, $8,000; rent, $2,500; utilities, $1,000; and miscellaneous, $850.
f. Paid dividends of $5,000.

Record the preceding transactions using the integrated financial statement framework. After each transaction, you should enter a balance for each item.