2 Parts: a. Prepare a Balance Sheet b. Prepare a statement of Cash Flows

The following transactions pertain to Smith Training Company for 2016:

Jan.	30	Established the business when it acquired $51,000 cash from the issue of common stock.
Feb.	1	Paid rent for office space for two years, $15,300 cash.
Apr.	10	Purchased $750 of supplies on account.
July	1	Received $28,500 cash in advance for services to be provided over the next year.
	20	Paid $563 of the accounts payable from April 10.
Aug.	15	Billed a customer $9,000 for services provided during August.
Sept.	15	Completed a job and received $3,000 cash for services rendered.
Oct.	1	Paid employee salaries of $37,500 cash.
	15	Received $8,900 cash from accounts receivable.
Nov.	16	Billed customers $34,000 for services rendered on account.
Dec.	1	Paid a dividend of $1,100 cash to the stockholders.
	31	Adjusted records to recognize the services provided on the contract of July 1.
	31	Recorded $2,250 of accrued salaries as of December 31.
	31	Recorded the rent expense for the year. (See February 1.)
	31	Physically counted supplies; $150 was on hand at the end of the period.