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Required information The following information applies to the questions displayed below] On January 1, Year 1, the general ledger of a company includes the following account balances: Accounts Debit Credit Cash $ 44,200 Accounts Receivable 47,500 Supplies 19,800 Equipment 79,000 Accumulated Depreciation $ 10,500 Accounts Payable 16,100 Common Stock, 51 par valve 15,000 Additional Paid-in Capital 95,000 Retained Earnings 43 180 Totals $179,708 $179,700 During January Year 1, the following transactions occur January 2 Issue an additional 2,200 shares of 51 par value common stock for $44,000. January 9 Provide services to customers on account, 318,300 January 10 Purchase additional supplies on account, 56,400 January 12 Purchase 1,000 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $18,890. January 21 Provide services to customers for cash, 358,680. January 22 Receive cash on accounts receivable, $18,100. January 29 Declare a cash dividend of 58.38 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: The company had 15,000 shares outstanding on January 1, Year 1, and dividends are not paid on treasury stock.) January 3 Resell 900 shares of treasury stock for $24 per share. January 31 Pay cash for salaries during January, 543,588. 5. Prepare a classified balance sheet as of January 31, Year 1 (Amounts to be deducted should be indicated by a minus sign.) Classified Balance Sheut January 31, Year 1 Assets Liabilities Cash Accounts Receivable Supplies $95.000 Accounts Payable 47,700 Dividends Payable 5.600 Income Tax Payable $ 12,200 4.2001 2.500 19,000 18,100 136,800 Total Current Liabilities Stockholders' Equity Common Stock Additional Paid-in Capital Additional Paid-in Capital 149,300 Relained Earnings 79,000 Treasury Stock (12,375) Total Stockholders' Equity $ 215,925 Total Liabilities and Stockholders Equity Total Current Assets Equipment Loss Accumulated Depreciation Total Assets 20,700 43,325 5 22,000) 196.925 $ 215,925