Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the

year, $(1)$ all sales are credit sales, $(2)$ all credits to Accounts Recelvable reflect cash recelpts from customers, $(3)$ all purchases of inventory are on credit, and $(4)$ all debits to Accounts Payable reflect cash payments for inventory.

purchases of inventory are on credit, and $(4)$ aile FORTEN CONPANY

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$14,125($detalls in

b$.$ Sold equipment costing $$73,875,$ with accumulated depreclation of $$39,125,$ for $$20,625$ cash.

balance. d$.$ Pald $$49,725$ cash

d$.$ Pald $$49,725$ cash to reduce the long$-$term notes payable. e$.$ Issued $3,400$ shares of common stock for $$20$ cosh

e$.$ Issued $3,400$ shares of common stock for $$20$ cash per share. f$.$ Declared and pald cash dividends of $$51,900.$