With respect to the current accounting period, show the effect of the following transactions on net profit and cash for the period.

1 Purchase inventory on cash for $80 000.

2 Recording depreciation of $20 000.

3 Credit sale of a service for $60 000.

4 Payment of a cash dividend of $16 000.

5 Payment of salary for the current period of $40 000.

6 Interest payment on a loan of $14 000.

7 Repayment of a loan of $200 000.

8 Payment of an invoice for advertising of $26 000 that had been recorded as an expense in the previous period.