On january 1, 2018, red flash photography had the following balances: cash, $26,000; supplies, $9,400; land, $74,000; deferred revenue, $6,400; common stock $64,000; and retained earnings, $39,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $34,000.2. may 20 provide services to customers for cash, $49,000, and on account, $44,000.3. august 31 pay salaries to employees for work in 2018, $37,000.4. october 1 purchase rental space for one year, $26,000.5. november 17 purchase supplies on account, $36,000.6. december 30 pay dividends, $3,400. the following information is available on december 31, 2018: 1. employees are owed an additional $5,400 in salaries.2. three months of the rental space has expired.3. supplies of $6,400 remain on hand.4. all of the services associated with the beginning deferred revenue have been performed. requirementgeneral journalgeneral ledgertrial balanceincome statementstatement of sebalance sheet