On January 1, 2021, Red Flash Photography had the following balances: Cash, $13,000; Supplies, $8,100; Land, $61,000; Deferred Revenue, $5,100; Common Stock $51,000; and Retained Earnings, $26,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $21,000.2. May 20 Provide services to customers for cash, $36,000, and on account, $31,000.3. August 31 Pay salaries to employees for work in 2021, $24,000.4. October 1 Purchase rental space for one year, $13,000.5. November 17 Purchase supplies on account, $23,000.6. December 30 Pay dividends, $2,100.