a.	On JanuaryJanuary 1, 20162016, CRRCCRRC issued no par common stock for $ 450 comma 000$450,000.
b.	Early in JanuaryJanuary, CRRCCRRC made the following cash payments:
	1.	For store fixtures, $ 50 comma 000$50,000
	2.	For merchandise inventory, $ 330 comma 000$330,000
	3.	For rent expense on a store building, $ 14 comma 000$14,000
c.	Later in the year, CRRCCRRC purchased merchandise inventory on account for $ 239 comma 000$239,000. Before year-end, CRRCCRRC paid $ 149 comma 000$149,000 of this account payable.
d.	During 20162016, CRRCCRRC sold 2 comma 6002,600 units of merchandise inventory for $ 400$400 each. Before year-end, the company collected 8585% of this amount. Cost of goods sold for the year was $ 300 comma 000$300,000, and ending merchandise inventory totaled $ 269 comma 000$269,000.
e.	The store employs three people. The combined annual payroll is $ 84 comma 000$84,000, of which CRRCCRRC still owes $ 5 comma 000$5,000 at year-end.
f.	At the end of the year, CRRCCRRC paid income tax of $ 18 comma 000$18,000. There are no income taxes payable.
g.	Late in 20162016, CRRCCRRC paid cash dividends of $ 42 comma 000$42,000.
h.	For store fixtures, CRRCCRRC uses the straight-line depreciation method, over five years, with zero residual value.