a. On January 1, 2018, NRRC issued no par common stock for $ 425 comma 000. b. Early in January, NRRC made the following cash payments: 1. For store fixtures, $ 45 comma 000 2. For merchandise inventory, $ 290 comma 000 3. For rent expense on a store building, $ 12 comma 000 c. Later in the year, NRRC purchased merchandise inventory on account for $ 245 comma 000. Before year-end, NRRC paid $ 155 comma 000 of this accounts payable. d. During 2018, NRRC sold 2 comma 200 units of merchandise inventory for $ 225 each. Before year-end, the company collected 80% of this amount. Cost of goods sold for the year was $ 310 comma 000, and ending merchandise inventory totaled $ 225 comma 000. e. The store employs three people. The combined annual payroll is $ 86 comma 000, of which NRRC still owes $ 4 comma 000 at year-end. f. At the end of the year, NRRC paid income tax of $ 19 comma 000. There are no income taxes payable. g. Late in 2018, NRRC paid cash dividends of $ 36 comma 000. h. For store fixtures, NRRC uses the straight-line depreciation method, over five years, with zero residual value.