On January $1,2024,$ Red Flash Photography had the following balances: Cash, $$27,000$; Supplies, $$9,500$; Land, $$75,000$; Deferred Revenue, $$6,500$; Common Stock $$65,000$; and Retained Earnings, $$40,000.$ During $2024,$ the company had the following transactions:

February $15$ Issue additional shares of common stock, $$35,000.$

May $20$ Provide services to customers for cash, $$50,000,$ and on account, $$45,000.$

August $31$ Pay salaries to employees for work in $2026,$ $$38,000.$

October $1$ Purchase rental space for $1$ year, $$27,000.$

November $17$ Purchase supplies on account, $$37,000.$

December $30$ Pay dividends, $$3,500.$

The following information is available on December $31,2024$:

Employees are owed an additional $$5,500$ in salaries.

Three months of the rental space have expired.

Supplies of $$6,500$ remain on hand.

All of the services associated with the beginning deferred revenue have been performed.

February $15$ Issue additional shares of common stock, $$35,000.$

May $20$ Provide services to customers for cash, $$50,000,$ and on account, $$45,000.$

August $31$ Pay salaries to employees for work in $2026,$ $$38,000.$

October $1$ Purchase rental space for $1$ year, $$27,000.$

November $17$ Purchase supplies on account, $$37,000.$

December $30$ Pay dividends, $$3,500.$

The following information is available on December $31,2024$:

Employees are owed an additional $$5,500$ in salaries.

Three months of the rental space have expired.

Supplies of $$6,500$ remain on hand.

All of the services associated with the beginning deferred revenue have been performed.

Prepare a balence sheet