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 Receivable reflect cash receipts from customers, $(3)$ all purchases of inventory are on credit, and $(4)$ all debits to Accounts Payable reflect cash payments for inventory.

Additional Information on Current Yeor Transactions

o$.$ The loss on the cash sale of equipment was $$12\mathrm{.}125($details in b$)$

b$.$ Sold equipment costing $$67,875,$ with accumulated depreciation of $$37,125,$ for $$18,625$ cash

c$.$ Purchased equipment costing $$103,375$ by paying $$44,000$ cash and signing a long$-$term notes payable for the balance.

d$.$Paid $ $48,925$ cash to reduce the long$-$ term notes payable.

e$.$ Issued $3,200$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividendsof $$51,500.$