The following table shows the transactions experienced by J G Gutter Works (JGGW) during Year 7. The table contains missing data which are labeled with alphabetic characters (a) through (j). Assume all transactions shown in the accounting equation are cash transactions.

Required
a. Determine the correct amount represented by each character (a) through (j).
b. Is there sufficient cash available to repay the debt on January 1, Year 8?
c. Based on the information in the table, what is the maximum cash dividend JGGW could pay on January 1, Year 8?

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Liabilities Stockholders' Equity Assets Notes Pay. Land Com. Stk. Ret. Earn. Account Event No. Cash (b) (a) Beg. Bal. 90,000 (c) 25,000 (d) 1. NA NA 68,000 NA NA 2. (e) (57,000) (14,000) Revenue (f) (57,000) NA NA NA Expenses 3. NA NA NA 4. Dividend (g) NA NA NA 5. (50,000) (10,000) (h) NA NA NA NA 6. (10,000) NA NA NA NA End Bal. (1) (1) 69,000 40,000 123,000