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Dakota Skates Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,840 Purchase

Dakota Skates Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,840 Purchase of equipment 9,131 Borrowings under line of credit (bank) 29,297 Proceeds from issuance of common stock 496 Cash received from customers 421,298 Payments to reduce notes payable (long-term) 24,303 Proceeds from sale of marketable securities 41,270 Purchase of marketable securities 35,116 Income taxes paid 7,432 Other fixed as

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