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Cullumber Corp. had the following transactions in its first month of operations: 1. On incorporation, the company had issued 1,000 common shares in exchange for

image text in transcribedimage text in transcribed Cullumber Corp. had the following transactions in its first month of operations: 1. On incorporation, the company had issued 1,000 common shares in exchange for \\( \\$ 14,700 \\) cash and equipment worth \\( \\$ 11,100 \\). 2. Additional equipment costing \\( \\$ 4,100 \\) was purchased for cash. 3. Supplies costing \\( \\$ 540 \\) were purchased for cash. 4. Inventory costing \\( \\$ 5,700 \\) was acquired on account. Later in the month, the company paid half of the amount owed. It will pay the remainder next month. 5. The entire inventory was sold to customers for \\( \\$ 8,500 \\). The company received half of this amount in cash and will receive the remainder next month. 6. By the end of the month, \\( \\$ 100 \\) of the supplies were used up. 7. The equipment was depreciated \\( \\$ 210 \\) for the month. 8. Operating expenses paid in cash during the month were \\( \\$ 1,700 \\). 9. Dividends of \\( \\$ 300 \\) were declared and paid during the month. Calculate the following amounts for the month: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) i. Sales revenue ii. Cost of goods sold iii. Total expenses other than cost of goods sold \\$ iv. Net earnings or loss \\( \\$ \\) \\( \\$ \\) \\( \\$ \\) \\( \\$ \\)

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