The following transactions occurred during 2019: (a). Issued shares to investors for $100,000 cash (b). Borrowed $61 000 from the bank

(c). Purchased equipment for $17 000 cash.

(d) Purchased $723 000 of additional inventory on credit.

(e) Sold $1 141 900 of products to customers on credit; cost of the goods was $700 000.

(f) Incurred $218 200 in selling expenses, paying 80 per cent in cash and owing the rest

(g) Paid cash dividends of $16 000

(h) Earned $4000 interest on investments, receiving 75 per cent in cash