Answer a,b,c,d,e and f

Use the following financial statements and additional information. Total liabitities and equity \$ 497,690$373,690 Additional information 4. A $40,000 note payable is retied at is $40,000 carring pookl value in exchange for cash b. The only changes biffectig retalned eamings ace net income and cash didends pald c. New equipmemt is acquired for $97000 carth d. Recewred cosh for the sale of equipment that had cost $ etooo yiolding a $9.800 ooin e. Prepaid Expenses and Wages Payable nelate no omer Expenses on the income statement. 1. At purctases and sales of ioventary are on credt. Use the following financial statements and additional information. Total liabitities and equity \$ 497,690$373,690 Additional information 4. A $40,000 note payable is retied at is $40,000 carring pookl value in exchange for cash b. The only changes biffectig retalned eamings ace net income and cash didends pald c. New equipmemt is acquired for $97000 carth d. Recewred cosh for the sale of equipment that had cost $ etooo yiolding a $9.800 ooin e. Prepaid Expenses and Wages Payable nelate no omer Expenses on the income statement. 1. At purctases and sales of ioventary are on credt