Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following accounting events: (1) Issued 52,500 worth of common stock (2) earned cash revenues of $33,400, (3) paid cash expenses of $14,800, and (4) paid a $3,100 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
