Additional information:

a$.30,000$ notes payable is retired st its $$30,000$ carrying $($book$)$ value in exhange for cash.

B$.$ The only changed affecting retained earnings are net income snd cash dividends paid

C$.$ New equiptment is acquired for $$82,600$ cash

D$.$ Recieved cash for the sale of equipment that had codt $$73,600,$ yielding a $$4,500$ gain

E prepaid expense and wages payable relate to operating expenses on the income statment

F all purchases and sales of inventory are on credit