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clatona ltd had the following transactions in its first month of operations 1. issued 22000 common shares in exchange for $110000 cash. 2. took out

clatona ltd had the following transactions in its first month of operations 1. issued 22000 common shares in exchange for $110000 cash. 2. took out a $25500 loan from the bank. 3. paid $29300 to purchase inventory. 4. equipment costing $36900 was purchased for $9400 cash, with the balance on the account. 5. made sales of $50700 to customers, with $8000 being cash sales and the balance on the account. 6. the cost of the inventory sold to customers was $26300. 7. paid employee wages totalling $6600 8. operating expenses of $2700 were paid during the month. 9. depreciation of $800 was recorded for the month. 10. dividends of $1100 were declared and paid during the month. Calculate(and show all steps and workings with clear explanations with no errors) the following amounts for the month(enter loss using either a negative sign preceding the number ) i. sales revenue ii. cost of goods sold iii. total expenses other than cost of goods sold iv. net income or loss v. cash on hand vi. total assets other than cash vii. total liabilities viii. share capital v. retained earnings

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