1. Issued common shares for $260,000 cash. 2. Purchased $618,000 of inventory on account. 3. Sold inventory on account for $832,000. The original cost of the inventory that was sold was $494,400. 4. Collected $754,000 from customers on account. 5. Paid $559,500 to suppliers for the inventory previously purchased on account. 6. Bought a delivery vehicle for $46,800 cash. 7. Paid $33,800 for rent, including $2,600 related to the next year. 8. Incurred $26,000 of operating expenses, of which $23,400 was paid. 9. Recorded $2,600 of depreciation on the vehicle. 10. Declared and paid dividends of $7,800