The following events apply to Goodman Company for 2013, its first year of operation:

1. Received cash of $24,000 from the issue of common stock. 

2. Performed $42,500 of services on account. 

3. Incurred $4,000 of other operating expenses on account. 

4. Paid $17,000 cash for salaries expense. 

5. Collected $32,500 of accounts receivable. 

6. Paid a $2,500 dividend to the stockholders. 

7. Performed $4,600 of services for cash. 

8. Paid $2,200 of the accounts payable. 

Required: 

a. Record the preceding transactions in general journal form. 

b. Post the entries to T-accounts and determine the ending balance in each account. 

c. Determine the amount of total assets at the end of 2013. 

d. Determine the amount of net income for 2013.