1. Fortune Corporations comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2009 Dec. 31, 2008 Accounts receivable 7,500 5,200 Inventory 11,500 16,000 Accounts payable 4,300 5,200 Dividends payable 4,000 3,000 Adjust net income of $65,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities. 2. On June 5, Belen Corporation reacquired 3,300 shares of it common stock at $45 per share. On July 15, Belen sold 2,000 of the reacquired shares at $48 per share. On August 30, Belen sold the remaining shares at $42 per share. Journalize the transactions of June 5, July 15, and August 30