statements. John asks for your help in preparing the balance sheet and presents you with the following information for 31, 2021 a. Cash receipts consisted of the following: Fros custos From issue of common stock From bank loan $493,800 130,000 112,000 b. Cash disbursements were as follows: Purchase of inventory Rent Salaries Utilities Insurance Purchase of equipment $306,eee 30,000 36,000 11,000 9,000 46,000 c. The bank loan was made on March 31, 2021. A note was signed requiring payment of interest and prim interest rate is 10% d. The equipment was purchased on January 3, 2021, and has an estimated useful life of 10 years with Depreciation per year is $4,600. e. Inventory on hand at the end of the year cost $106,000. f. Amounts owed at December 31, 2021, were as follows: To suppliers of inventory To the utility company $ 26,000 2,000 g. Rent on the store building is $2,000 per month. On December 1, 2021, four months' rent was paid in Th. Net income for the year was $82,000. Assume that the company is not subject to federal, state, or li 1. Two hundred thousand shares of no par common stock are authorized, of which 26,000 shares we