Presented below are a number of transactions. determine whether each transaction affects common stock, dividends, revenue, expense, or does not affect stockholders’ equity. provide titles for the revenues and expenses. select not applicable for account title if neither a revenue nor an expense. transaction affects account title (a) costs incurred for advertising. (b) cash received for services performed. (c) costs incurred for insurance. (d) amounts paid to employees. (e) cash distributed to stockholders. (f) cash received in exchange for allowing the use of the company’s building. (g) costs incurred for utilities used. (h) cash purchase of equipment. (i) cash received from investors.

Ultravision inc. anticipates sales of $280,000 from january through april. materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of january, february, march, and april. materials are paid for one month after the month purchased. materials purchased in december of last year were $24,000 (half of $48,000 in sales). labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in february and april. the labor figures are: january $14,000 february 17,000 march 14,000 april 19,000 fixed overhead is $10,000 per month. prepare a schedule of cash payments for january through april. (assume the $280,000 of sales occur equally over the four months of january through april, i.e. monthly sales = $280,000 / 4.)