Cash receipts: From customers Interest on note Issue of common stock $515,000 3,000 63,000 $581,000 Total cash receipts Cash disbursements: Purchase of merchandise Annual insurance payment Payment of salaries Dividends paid to shareholders Annual rent payment $233,000 8,000 193,000 9,000 13,000 $456, 000 Total cash disbursements Selected balance sheet information: 12/31/17 12/31/18 38,000 $114,000 55,000 96,000 73,000 108,000 Cash Accounts receivable Inventory Prepaid insurance Prepaid rent Interest receivable Note receivable Equipment Accumulated depreciation-equipment Accounts payable (for merchandise) Salaries payable Common stock 4,000 7,000 2,800 63,000 63, 000 176,000 176,000 (53,000) (81,000) 63,000 88,000 33,000 54,000 330,000 380,000