company issued shares for $$88,000.$

b$.$ On January $1,$ the company borrowed $$62,000$ from the bank.

c$.$ On January $1,$ the company bought equipment for $$10,000$ cash.

d$.$ Purchases of inventory on account during the year totalled $$96,400.$

e$.$ Sales for the year totalled $$146,800,$ of which $$19,500$ was for cash and the remainder was on account.

f$.$ The cost of the products sold from inventory during the year in transaction $($e$)$ was $$83,000.$

g$.$ Payments to suppliers for inventory purchases totalled $$69,400$ during the year.

h$.$ Collections on account from customers totalled $$119,100$ for the year.

$.$

Employees earned wages of $$48,700$ during the year. All of the wages were paid by the end of the year except the wages for the last week in December, which totalled $$2,900$

j$.$ On December $31,$ the company paid the interest on the bank loan in transaction $($b$).$ The interest rate is $6\%.$

k$.$ Dividends were declared and paid in the amount of $$1,100.$

Show the effect of each of