Valmont Inc. experienced the following events in 2012 in its first year of op

Valmont Inc. experienced the following events in 2012 in its first year of operation.
1. Received $20000 cash from the issue of common stock.
2. Performed services on account for $50000.
3. Paid utility expense of $12500.
4. Collected $39000 of the accounts receivable.
5. Recorded $9000 of accrued salaries at the end of the year.
6. Paid a $5000 cash dividend to the shareholders.

record the events in general ledgeraccounts under an accounting equation. in the last column of the table provide appropriate account titles for the retained
earnings amounts

prepare the income statement statement of changes in stockholders