000 mon shareholder sive Problem r cash. pected residual value. rchased inventory ppliers. from nt balances December 31, 2018 oblem is continuation allen Inha nt $3,150; Equipment $55.000 Accumulated Accounts receivable $10,000 Morelimeiset allowing transactions and events occurred Common shares $440,000, and Retained in Esued $50,000 of 50 preferred shares for canh Old the equipment at its written down value i equired new equipment for $150.000 The uipment has an estimated useful life of 15 years for $80,000 cash d rent in advance of $3,200 on a six-month office la de cash sales of $150,000. The related cost hased additional land for cash of $20,000. remaining accounts receivable were collected ash except for $5,000 for utilities, which will be pro ous operating expenses totalled $40,000. All were ary. the annual dividend on the preferred shares, an dividend per common share. the interest on the bank loan. rded depreciation for the new equipment. ded rent expense for 2019, cash of $3,800 for income taxes. was $65,000. transactions-based approach (tabular analys transactions and events for 2019. Determin es for all accounts that are included in income statement for the year 2019. statement of changes in retained earn balance sheet as at December 31, 20 000 mon shareholder sive Problem r cash. pected residual value. rchased inventory ppliers. from nt balances December 31, 2018 oblem is continuation allen Inha nt $3,150; Equipment $55.000 Accumulated Accounts receivable $10,000 Morelimeiset allowing transactions and events occurred Common shares $440,000, and Retained in Esued $50,000 of 50 preferred shares for canh Old the equipment at its written down value i equired new equipment for $150.000 The uipment has an estimated useful life of 15 years for $80,000 cash d rent in advance of $3,200 on a six-month office la de cash sales of $150,000. The related cost hased additional land for cash of $20,000. remaining accounts receivable were collected ash except for $5,000 for utilities, which will be pro ous operating expenses totalled $40,000. All were ary. the annual dividend on the preferred shares, an dividend per common share. the interest on the bank loan. rded depreciation for the new equipment. ded rent expense for 2019, cash of $3,800 for income taxes. was $65,000. transactions-based approach (tabular analys transactions and events for 2019. Determin es for all accounts that are included in income statement for the year 2019. statement of changes in retained earn balance sheet as at December 31, 20